Dollar nears largest monthly rise vs euro
The dollar is approaching its highest level this year against the euro and is on track to achieve its biggest monthly rise in 14 months, supported by U.S. economic growth and rising interest rates. Meanwhile, the euro is suffering its lowest levels since May 2025 due to concerns about energy and debt in Europe. The dollar has seen notable gains against several major currencies, including reaching a 16-month high against the Swiss franc and a decline in the Chinese yuan ahead of China’s holiday. Inflation expectations and the prospect of further U.S. interest rate hikes remain key factors driving the dollar’s upward trend.
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