Foreign Currency
Euro - Watch Out Below!
On Tuesday, the Euro declined against the U.S. Dollar to its lowest level in the past 20 years as continued fears over the war in Ukraine, gas prices continuing to remain elevated, and recession fears across Europe rapidly increasing over the past few weeks. In addition, while the U.S. Federal Reserve has maintained its hawkish rhetoric despite the impending economic slowdown as a result, the European Central Bank has yet to hint at tightening monetary conditions.