Euro falls to fresh 20-year low

The prospect of higher natural gas prices raises the spectre of recession in Europe this winter and that is bad news for the euro which has fallen to a 20-year low against the US dollar this morning, Qazet.az reports.

The single currency dropped 0.7% in early trade on Monday taking it below 99c to US0.9880 – its lowest mark for more than 20 years.