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Dollar Steadies Near 16-Week Low While Yuan Approaches 15-Year Record Gain

The U.S. dollar stabilized on Friday near a 16-week low when measured against a basket of other currencies including the euro. The currency fell by 0.1% at 104.55; just marginally higher than its lowest level since June 29 of 104.36. With key U.S. labor market...

Europe Plummets to 20-Year Low Following Russian Oil Ban

The euro hit a 20-year low on Monday, plummeting below $0.99 as natural gas prices soar to new highs. This comes after Russia halted gas supplies via its main pipeline to Europe, the Nord Stream pipeline. While the Nord Stream was already operating at a...

Euro Dips to 20-Year Low Against USD, Closing in on Parity

The Euro continued its slide against the U.S. dollar on Tuesday to reach its 20-year low. After holding itself around $1.04 in recent days, Euro is now $1.02, which marks its lowest point since November 2002. There are quite a few reasons for Euro's tumble,...