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Dollar hits 17-month high versus euro
The currency market witnessed the US dollar rising to its highest level in 17 months against the euro, boosted by intensive selling of US and European government bonds and record-high yields, following a surge in oil prices and inflation. The euro declined to its lowest level since May 2025, and the euro depreciated by 2.5% during September. Meanwhile, US 10-year Treasury yields reached their highest point since 2002 at 5.272%. French government bond yields also increased to their highest in 14 years amidst financial concerns and market tensions.
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