FILE PHOTO: A shop cash register is seen with both Sterling and Euro currency in the till at the border town of Pettigo, Ireland October 14, 2016. REUTERS/Clodagh Kilcoyne
March 8, 2022
By Tom Westbrook
SINGAPORE (Reuters) – The euro was pinned near a 22-month low on Tuesday as war in Ukraine has darkened Europe’s economic outlook, while commodity currencies took a breather in their weeks-long rally.
The euro was doing its best to bounce after six straight sessions of selling, but at $1.0855, it was not terribly far from Monday’s trough of $1.0806.
The common currency is down 4% on the dollar since Russia launched what it calls a “special military operation” in Ukraine where fighting is showing no signs of abating. It flirted with parity on the Swiss franc on Monday for the first time in seven years.
Russia-Ukraine Peace talks have made scant progress and though…
