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Euro sinks to multi-year lows versus US dollar, Swiss franc and sterling
The euro fell to a seven-year low versus the Swiss franc and hit its lowest point in almost two years versus the dollar on Friday as the war in Ukraine lowered expectations of European economic growth. The European single currency fell 2.1per cent this week, and was set for its worst week since April 2020.It was down 0.5per cent to $1.1010 at 0850 GMT, near its weakest level since May 2020, following news Russian forces seized the largest nuclear power plant in Europe after a building at the complex was set ablaze during fighting with Ukrainian defenders, Ukrainian authorities said on Friday. Authorities later said ... (full story)