Euro Nears Year-to-Date Low Against the Dollar: Caught Between Energy Shock and European Political Risks, Down About 2% This Month

Zhito Finance APP has learned that the EUR/USD exchange rate is currently trading not far from its lowest level of the year, with its movement being driven by a global energy shock and rising political risks in Europe. In August, EUR/USD approached 1.20, but this month it has fallen about 2%, dropping to a two-month low slightly below 1.14. Currently, EUR/USD is last trading at around 1.137.