LONDON (Reuters) – The euro extended its falls across the board on Friday and was poised for its biggest weekly drop in seven years against the Swiss franc as investors dumped the single currency as the war in Ukraine intensified. Europe’s economy is the most vulnerable to the Russian invasion of Ukraine and investors have ramped up selling of the single currency this week as the outlook for the economy darkened. Against the Swiss franc, the euro fell 0.7%, taking its losses to more than 3% this week. That puts it on track for the biggest weekly drop since January 2015. The euro weakened 0.8% against the dollar, falling below $1.10 for the first time since May 2020. It is down more than 2.6% this wee st. and on track for its biggest loss since April 2020. A huge blaze at the site of Europe’s biggest nuclear power station was extinguished on Friday, and officials said the plant in southeastern Ukraine was operating normally after it was seized by Russian forces in fighting that caused global alarm. NN: In the trust the currency is pounds since its a English trust. But the carry trade currency is the Euro. For two reasons… We can buy Euros very cheap and the forces of nature are aligned against the Euro for now as the worlds shits itself. Only a congenital idiot would have not seen what Russia is doing. They have been brutally invading country after country sine Putin came to power….. His move is very calculated (including understanding the consequences) which he can stand. He truly is a evil genus… As far as Europe is concerned the Euro will soon stabilize after this plunge and then rally back. This is not a traditional EU country problem. But is it a crises for the former Soviet States……