Euro just off two-decade low, volatility at highest since March 2020

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Reuters UK

By Stefano Rebaudo (Reuters) -A slight pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears. Risky assets, including the euro, managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes. Meanwhile, implied volatility in the forex market was still at its highest levels since late March 2020 at 11.2%, reflecting a nervous market while investors look at the parity between the single currency and the dollar. “Par…

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