The euro struggled to regain a footing on Thursday, having tumbled overnight against a resurgent U.S. dollar, which benefited from safe-haven demand on renewed worries about higher rates and a global recession.
The euro was at $1.044, after losing 0.75% on the dollar the day before, and heading for a monthly decline of 2.7%.
A steady and aggressive global switch to tighter policy has stoked recession worries and shaken financial markets in recent months. "The bigger picture worry is what happens with energy supplies in the eurozone as we head towards the winter... We're quite cautious about the euro," Attrill added. The dollar also hit fresh a 24-year peak of 137 yen overnight, as the gap between a hawkish Fed and a dovish Bank of Japan continues to weigh heavily on the yen, which was last trading at 136.57 yen .
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