Euro hits 20-year low against dollar

The euro sunk below $0.99 on Monday, a 20-year-low, following the announcement last week that Russia would cut off gas deliveries to Germany via the Nord Stream pipeline, AFP reported.
The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002.
The European currency has continued to weaken against the dollar since the start of the year, hammered by economic turbulence and uncertainties sparked by Russia’s invasion of Ukraine.