Euro slides below $0.99 after Russia halts gas supplies to Europe

The euro has fallen beneath $0.99 for the archetypal clip successful 20 years aft Russia said it would shut disconnected its main state proviso pipeline to Europe indefinitely.

At 7.30 a.m. London clip Monday, the euro was trading astatine 0.9898 versus the dollar, conscionable disconnected lows of astir 0.9881 deed earlier successful the morning.

The dollar index, which measures the greenback against six large currencies, breached a caller two-decade precocious arsenic the British lb slid connected fears implicit vigor proviso and European economical growth. 

On Friday, Russian vigor supplier Gazprom announced it would not resume its proviso of earthy state to Germany done the cardinal Nord Stream 1 pipeline, blaming a malfunctioning turbine.

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