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Euro drops to 17-month low
The euro has fallen to its lowest level in 17 months against the dollar, as European assets continue to face pressure from rising oil prices and inflation, along with political uncertainty in the region, such as the elections in France and tensions in Germany. The euro decreased by 2.5% during September, dropping below $1.13, while concerns grow about the impact of high energy prices on Europe’s economy, despite the European Central Bank's efforts to raise interest rates. Additionally, the markets have experienced a decline in European stocks and strong dollar movements, with European assets deteriorating amid fears over economic growth, political instability, and financial concerns.
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