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Dollar poised for 14-month high vs euro
The dollar is on track to achieve its largest monthly gain against the euro in 14 months, supported by strong U.S. economic growth and rising interest rates, with the euro dropping to its lowest level since May 2025 at 1.1312 dollars. The value of the dollar increased by approximately 2.5% during September, with market hints that strong American reports are needed to support further gains. Meanwhile, markets are awaiting the upcoming U.S. jobs report scheduled for the end of the week. Conversely, the euro remains under pressure due to concerns related to energy and European politics. The prospects of higher U.S. interest rates and a slowdown in the energy market are seen as key factors behind recent currency movements.
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