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Dollar set for largest monthly gain vs euro in 14 months
The US dollar rose significantly against the euro, hitting its lowest level since May 2025 at 1.1312 dollars. It also achieved its largest monthly gain in 14 months, approximately 2.5%, driven by the growth of the US economy and rising interest rates, while the euro was affected by Europe's concerns over energy and debt. Additionally, the dollar reached a 16-month high against the Swiss franc at 0.8358. The Japanese yen's attractiveness declined against the dollar following yen purchases and Japanese interest rate hikes. Meanwhile, the yuan is on track to mark its seventh consecutive quarterly gain against the dollar ahead of China's holiday in October.
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