Dollar Nears Record High vs Euro
The US dollar rose close to its highest levels this year against the euro, heading for its largest monthly gain in 14 months, supported by US economic growth and rising interest rates, while Europe's energy and debt situations have worsened. The euro hit its lowest level since May 2025, and other currencies like the Australian dollar declined due to moderate inflation data and political unrest in Europe. According to experts, the strength of the US dollar relies on robust economic activity, while tensions in Europe and pressures on energy remain factors threatening the euro.
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