Euro Falls to Lowest Since 2002 on Concerns Over Energy Prices

Euro Falls to Lowest Since 2002 on Concerns Over Energy Prices
Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken on May 26, 2020. Dado Ruvic/Illustration/Reuters
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The euro tumbled to a new two-decade low on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc’s economy, while demand for safe-haven assets drove the dollar to fresh 20-year highs.

All oil and gas fields that were affected by a strike in Norway’s petroleum sector are expected to be back in full operation within a couple of days, Equinor said on Wednesday.