Euro falls for first time in two decades

Brussels, July 5 (Agency) Euro fell below $1.03 for the first time since December 2002, trading data show. As of 10.00 GMT, the euro traded $1.0296, down from the previous close of $1.0421. The dollar index was 1.04 per cent to 106.23 points. Pressure on the euro is exerted by fears around the energy crisis in Europe.

Norway’s Equinor suspended production at a number of fields due to strikes, which pushed gas prices further up. From July 11 to July 21, Nord Stream will stop for scheduled maintenance work. Against this background, gas futures in Europe are growing by 6 per cent to above $1,800 per thousand cubic meters.