Breaking: EUR/USD slumps under 1.0400 with Russia tensions in focus

EUR/USD fell below the 1.0400 level for the first time since January 2017 on Thursday, with the bears now eyeing a test of 2017 lows in the 1.0340 area. EUR/USD's on-the-day losses now stand at over 1.1% as traders dump the euro in favour of the safe-haven US dollar amid heightened worries about tensions between the EU and Russia amid the latter's ongoing invasion of Ukraine.