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URGENT: Euro tumbles 1% against dollar over Ukraine

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The euro sank to its lowest level for nearly two years against the dollar Monday, pummelled by fears of sanctions on Russian energy that would hit the eurozone's economic recovery, traders said.

The euro slid 1.1 percent to $1.0806. Elsewhere, the ruble hit a record-low 142.18 against the dollar.

© Agence France-Presse

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Ossama Said

Thank you for providing information on the volatility of the euro and the impact of the Ukrainian situation. Political issues can produce major volatility in financial markets. How long do you believe this will last? Will Europe take any measures to stabilize the situation? I look forward <a href="https://geometryonline.io/" rel="nofollow ugc">Geometry</a> to hearing more from you.