Dollar trends toward strongest monthly euro gains
Foreign currencies remain stable with the dollar rising against the euro, nearing its highest level this year due to the strength of the U.S. economy and rising interest rates. This has pushed the euro down to its lowest level since May 2025, around 1.1312 dollars. Additionally, the dollar recorded its strongest monthly gains against the euro in 14 months, having increased by approximately 2.5% in September, amid the negative impacts on the European economy from rising gas prices, debt levels, and political tensions. Meanwhile, the Japanese yen reached its highest level since February 2026, as markets closely watch the upcoming U.S. jobs report expected to be released on Friday and its potential influence on interest rate trajectory.
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