Euro falls to weakest versus dollar since 2022

The euro has been dragged lower by fears that the bloc’s export-orientated economies will be hit by US trade tariffs

The common currency fell as much as 0.5% to $1.0306, the lowest since November 2022, extending its decline since late September to around 8%. The pound dropped 1% to $1.2389, the weakest level since May.

The euro fell to its weakest level versus the dollar in over two years and the pound slid to an eight-month low amid ongoing concerns about Europe’s economy.

The common currency fell as much as 0.5% to $1.0306, the lowest since November 2022, extending its decline since late September to around 8%. The pound dropped 1% to $1.2389, the weakest level since May.