Euro Drops to Lowest in 3 Months Against US Dollar
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12 Articles
According to data from the Forex exchange, the euro was sold for $1.13465 at 10:10 a.m.
Euro drops to lowest in 3 months against US dollar
(AA): The euro fell to its lowest against the dollar in the last three months amid expectations that the US Federal Reserve may adopt a tighter stance to combat inflation, and due to rising energy prices in Europe. The effect of geopolitical risks in the Middle East on energy supply continues to complicate efforts to […]
The euro fell to its lowest level against the dollar in three months as expectations that the US Federal Reserve (Fed) may adopt a tighter stance in the fight against inflation and rising energy prices in Europe intensified economic concerns.
Investors' attention is gradually turning to the statistics of the week.
Investors' attention is gradually turning to the statistics of the week.
The euro fell to its lowest level against the dollar in three months, pressured by expectations that the Fed may keep interest rates high for longer and rising energy costs in Europe. The euro/dollar pair reached 1.1332, while the probability of a Fed rate hike in October rose to 73 percent. Analysts point to US data and energy prices as key factors in determining the pair's future direction.
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