LONDON, April 27— The euro fell below US$1.06 for the first time in five years against a broadly strong US dollar today amid rising concerns around energy safety and growth slowdown in China and Europe.
The US dollar index, which measures its performance against a basket of six major currencies, rose 0.3 per cent to 102.6, after touching its highest since the early days of the pandemic. Elsewhere, the Chinese yuan CNY took a breather, after falling to a 13-month low on Monday, steadying at 6.5547 per dollar.Sterling, which has dropped more than 2 per cent on the dollar this week as soft retail sales data has prompted a re-think of Britain’s rates outlook, hit a fresh 21-month low of US$1.2543.
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