LONDON—The euro was within a whisker of a two-decade low on Wednesday amid growing recession fears fuelled by a possible energy supply crunch, while the U.S. dollar recouped some data-inspired losses after Tuesday’s softer-than-forecast data.
Disappointing U.S. services and manufacturing surveys released on Tuesday and a plunge in new home sales saw the dollar take a breather, after a run that pushed the U.S. currency to its strongest level against the euro in two decades.
