Euro set for biggest monthly drop since mid-2019 on economy fears

The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on the short-term outlook for the European economy. The common currency is headed for its biggest monthly drop since mid-2019 as Europe’s faltering vaccination programme runs into a wave of new infections even as positioning data showed investors remain heavily long euros. and The euro was down 0.1% in early London trading at $1.1774, not far above last week’s four-and-a-half-month trough of $1.1762. On a monthly basis, it is down 2.3%, its biggest fall since July 2019. Compounding the single’s … (full story)

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