The euro has been falling for some time, as concerns about a possible recession in the eurozone are growing.
The US Federal Reserve’s policy of rapidly raising key interest rates has boosted the dollar and put pressure on the euro as the European Central Bank moves to tighten monetary policy at a slower pace.
In addition, the potential energy crisis, which can be caused by problems with the replacement of energy resources from Russia with energy resources from other sources, also increases the anxiety about the Eurozone economy.
Optimism is also not boosted by the announcement by the European Commission that this week it is preparing to reduce the eurozone economic growth forecast for this year and increase the inflation forecast.
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