euros under pressure

The war in Ukraine and the resulting sanctions are also increasing uncertainty on the foreign exchange markets. The euro continued to weaken against the US dollar. In the opinion of the vast majority of market participants, the sanctions imposed on Russia and Belarus will primarily affect the economy in Europe and specifically in the euro zone. The Polish zloty and the Hungarian forint have also come under increasing pressure in recent days. On the other hand, the Swiss franc, the US dollar and the Japanese yen are in demand. The current exchange rate for the euro is USD 1.0916.