Euro drops to 20-year low, approaches parity with dollar

Euro drops to 20-year low, approaches parity with dollar

NEW YORK, July 11 (Reuters) – The euro slid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will tip the region into a recession, while the U.S. currency was boosted by expectations that the Federal Reserve will hike rates faster and further than … Read more

Oil prices rebound from Tuesday tumble as supply concerns return

Oil prices rebound from Tuesday tumble as supply concerns return

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Recession fears continue to cap price gains Dollar holds at 20-year high against the euro China reports new COVID cases across the country Oil … Read more

Crypto contagion fears spread after Celsius Network freezes withdrawals

Crypto contagion fears spread after Celsius Network freezes withdrawals

WASHINGTON, June 13 (Reuters) – Bitcoin fell as much as 14% on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” market conditions, in the latest sign of the financial market downturn hitting the cryptosphere. The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 … Read more