Ukraine War Sends Euro Below $1.10 for First Time in Two Years

Ukraine War Sends Euro Below $1.10 for First Time in Two Years
A Euro banknote is seen placed on U.S. Dollar banknotes in this illustration taken on Nov. 28, 2021. Dado Ruvic/Illustration/Reuters
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LONDON—The euro fell on Friday below $1.10 for the first time in almost two years and hit a fresh seven-year low versus the Swiss franc as the war in Ukraine lowered expectations of European economic growth.

The European single currency was down 0.8 percent to $1.0967, its weakest level since May 2020, after Russian forces seized the largest nuclear power plant in Europe after a building at the complex was set ablaze.