EUR/USD pair continues to linger below parity for the fifth straight day tracing sharp gains in the greenback overseas. The dollar index that measures the greenback against a basket of currencies and in which euro carries maximum weight has maintained an uptrend in the last couple of weeks and hit fresh two decade peak of 109.48 in early trades on Monday. Besides, high inflation, Russias war on Ukraine, and a worsening energy crisis are likely to further add pressure on the single common currency. EUR/USD pair is currently quoting down 0.16% at $0.99. Powered by Commodity Insights
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