LONDON—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 eurozone linked to the energy crisis amid the war in Ukraine have strengthen safe-haven flows against the euro.
The common currency was set for its worst quarter against the dollar since the end of 2016, on track for a 6 percent quarterly decline. At 1057 GMT, it was 0.36 percent lower on the day versus the dollar at $1.0404….