Euro on the brink of breaching parity, stocks slide again

Published by
Reuters UK

By Tommy Wilkes LONDON (Reuters) -The euro sank to within a whisker of parity with the dollar on Tuesday and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors. The dollar’s role as the safe-haven go-to currency for investors worried about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies. The euro has been particularly vulnerable given the impact of an ongoing spike in natural gas prices on the regional economy and the …

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