Euro Just Off Two-Decade Low, Volatility at Highest Since March 2020

Euro Just Off Two-Decade Low, Volatility at Highest Since March 2020
U.S. dollar and Euro banknotes are photographed in Frankfurt, Germany, in this illustration picture taken on May 7, 2017. Kai Pfaffenbach/Illustration/Reuters
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A slight pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears.

Risky assets, including the euro, managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes.