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Pound and Euro: European currencies suffer from recession fears against the dollar

23/09/2022
Categories: Economy/Forex

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On Friday, September 23, European currencies ended the week at levels not seen against the dollar in decades.

The greenback is benefiting from geopolitical concerns fueled by Moscow, while the pound and euro are suffering from recession fears. After falling to 0.9751 dollars, the lowest level since 2002, the euro lost 0.79 percent to 0.9758 dollars, while the pound plunged 0.89 percent to 1.1161 dollars after falling to 1.1151 dollars around 08:50 GMT 10:50 in Paris).

Faced with the steamroller of the dollar, the euro falls by 14% and the pound by 17% since the beginning of the year of this year. The yen resists a little better than the European currencies. It fell by 0.23% to 142.72 yen.

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