Euro drops against U.S. dollar amid renewed safe-haven demand

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By Joice Alves LONDON (Reuters) – The euro fell to a two-week low against the U.S. dollar and remained close to a 2015 low versus the Swiss franc amid safe-haven demand on renewed worries about higher rates and a global recession. The Swedish crown trimmed early gains against the euro after briefly jumping on the country’s central bank decision to hike its benchmark interest rate by 50 basis points as expected. Rising concerns around recession in the euro zone linked to the energy crisis amid the war in Ukraine have strengthen safe-haven flows against the euro. The common currency was set for …

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