Eur to usd

Euro slides to a 20-year low of $1.0004 on fears an energy crisis will tip Europe into recession, as Nord Stream 1 gas pipeline shuts down for maintenance.

Russia turned off the single biggest pipeline carrying gas to Germany on Monday for annual maintenance. This could cause a recession in Europe. The final vote (amongst all Conservative Party members) is expected on September 5. Successive voting rounds amongst Conservative MPs are expected to cut the list down to the final two candidates before parliament goes into summer recess (next Thursday). Key data on US inflation and China’s GDP take centre stage this week as the markets remain jittery amid Europe’s energy crisis and China covid lockdowns. Russia turned off the single biggest pipeline carrying gas to Germany on Monday for annual maintenance. Here’s the full story: This could cause a recession in Europe. All eyes are on the euro this morning, as the single currency falls to the brink of parity with the US dollar for the first time in two decades. That work is expected to last for 10 days, but governments, markets and companies are worried the Nord Stream 1 shutdown might be extended because of the war in Ukraine. All eyes are on the euro this morning, as the single currency falls to the brink of parity with the US dollar for the first time in two decades. That work is expected to last for 10 days, but governments, markets and companies are worried the Nord Stream 1 shutdown might be extended because of the war in Ukraine.