Dollar reaches 17-month high vs euro
The dollar reached its highest level in 17 months against the euro, due to a wave of selling in government bonds in the United States and Europe, and the rise in U.S. Treasury yields to new levels, amid growing concerns over inflation resulting from rising oil prices. The euro declined by 0.79% to reach $1.1238, marking its lowest point since May 2025, with a monthly loss of 2.5% in September—its largest monthly decline since July 2025.
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