Euro just off two-decade low, volatility at highest since March 2020

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Reuters UK

By Stefano Rebaudo (Reuters) – The euro edged higher on Thursday, supported by rising risk appetite but still within striking distance of its two-decade low as surging energy prices fuel recession fears. Meanwhile, implied volatility in the forex market was still at its highest levels since late March 2020 at 11.2%, reflecting a nervous market while investors look at the parity between the single currency and the dollar. Equities managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes. “Parity (between the euro and the …

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