Ukraine crisis puts euro on course for worst week in two years

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Reuters UK

By Alun John HONG KONG (Reuters) – The euro was set for its worst week versus the dollar in nearly two years, as the war in Ukraine and the prospect of sustained high commodity prices continued to drag on expectations of European economic growth. The European common currency fell to as low as $1.1008 in early Asia trade, its weakest since May 2020, following news Ukraine’s Zaporizhzhia nuclear power plant – the largest of its kind in Europe – was on fire after an attack by Russian troops. It recovered a little to $1.103 after Ukrainian and overseas officials said there were no indication of el…

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