In the days of old when sailors were bold, and seldom if ever contented.
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Euro sinks to five-year low on energy supply, slowdown fears
The euro tumbled against the U.S. dollar Wednesday morning as investors grew increasingly concerned with energy supply and a potential recession in the region. The euro dipped below $1.06 for the first time since 2017. It was almost 0.4% lower for the session before paring back some losses. The dollar has surged in recent weeks on its safe-haven appeal, as traders fear a growth slowdown or even a recession. The market moves come as Russian state energy firm Gazprom decided to halt natural gas supplies to Poland and Bulgaria — two members of the European Union — with Moscow demanding payment in rubles. Tensions ... (full story)