Rising interest rates shake stock markets, the dollar is unique

The euro fell to a two-decade low of $0. 1000 as the risk of an escalating war in Ukraine rises, then stabilizes at $0. 643.

In Italy, the right-wing coalition led by Giorgia Meloni’s Italian Brotherhood party, as expected, has obtained a clear majority. Some took heart from the Eurosceptic League’s middling performance. “I expect a relatively small impact considering the coalition, the least pro-European party, seems to be showing weakness,” Milan Anthilia Fund manager and strategist Giuseppe Sersale said.