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Euro currency hits a 5-year low against USD as Russia halts gas supply to Poland, Bulgaria

The euro just hit a 5-year low against the dollar as Russia's halt in gas flows darkens economic prospects for Europe

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Carla Mozée – Writes in Business Insider (India) 

The euro (shared European currency in many countries of Europe) has slipped to its lowest level against the US dollar since 2017 after Russia suspended gas shipments to parts of Europe, highlighting concerns that euro-area ties to Russia will hurt its economic growth.

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The euro just hit a 5-year low against the dollar as Russia’s halt in gas flows darkens economic prospects for Europe (msn.com)

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Suresh Rao

Mellowed out and enlightened septuagenarian. Tech savvy. Social writing is just a pastime to kill time. I keep contributing to several developmental projects in the area of engineering education, IT and Healthcare projects launched by my kith and kin. I am too lazy to write a book, 'cause I think my life itself is a book! I am also at www.facebook.com/sureshnrao
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Navneet Bakshi
Navneet Bakshi
15 days ago

Thanks Suresh Ji- You have not added the link. Ukraine war is going to have a serious impact on the world economy. In this war of the Titans there are going to be no clear winners but many losers. Even as we see, the Indian market has seen a big fall and the rupee is at its new low. I do not know how is it impacting the U.S. economy but surely it can’t be expected to thrive on the spoils. The sad part is that this war is going to result in more problems than solving any, but for once the mighty Americans are going to realize that their will can’t prevail over the whole world.

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