Euro under pressure due to French elections and sanctions against Russia

The euro stabilized on Wednesday, following falling to its lowest level in a month once morest the rising dollar, as pressure mounted on the European currency, due to the expectation of new Western sanctions once morest Russia and the upcoming French presidential elections.
The euro rose 0.06 percent to 1.09130 once morest the dollar by 1145 GMT, following touching its lowest level in nearly a month at 1.08735 dollars.

The dollar index, which measures the performance of the US currency once morest a basket of six major currencies, fell to 99,500, following touching the highest level since May 2020 at 99.759.

The pound sterling once morest the dollar settled at 1.30770 dollars, following hitting a three-week low once morest the dollar.

As for digital currencies, Bitcoin fell 1.3 percent to $44,899.