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Euro sinks to three-month low vs. dollar
Euro fell on Friday to a three-month trough against the dollar as the greenback spiked amid a massive selling spree on stocks and European currencies.
EUR/USD last traded at 1.1123, down sharply from the opening of 1.1334, with a a six-week high at 1.1339, and a three-month low at 1.0914.
Eur's current freefall comes amid lower demand on riskier assets after Britain voted to leave the European Union, spreading uncertainties in the markets and pushing investors towards safe havens.
On the other hand, the dollar surged to a three-month high against a basket of rivals, raising big pressure on the common currency as analysts expect dire consequences for the Eurozone.
aThe dollar index, gauging the U.S. currency's performance against a basket of rivals, last traded at 95.30, compared to the opening of 93.72, with an intraday low at 93.70, and a three-month peak at 96.68, with the index nearing a weekly gain after last week's drop.
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