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Euro slides to 17-month low, hit by rates and inflation cocktail
Higher U.S. Treasury yields and rising energy costs pushed the dollar higher as euro zone inflation and political uncertainty weighed on European assets.
- On Thursday, the euro hit its lowest point in 17 months as investors sold off European assets amid concerns over high oil prices, regional inflation, and mounting political uncertainty.
- Rising yields on 10-year Treasuries have bolstered the dollar, which is showing increased sensitivity to Fed rate hike pricing, according to Ray Attrill, head of FX strategy at National Australia Bank.
- The European currency fell below $1.13 for the first time since May 2025, while European stocks dropped 0.66% and benchmark German debt yields surged, adding to the drag on the currency.
- Despite the European Central Bank being among the first to hike interest rates, the euro has struggled to gain traction due to growth risks and Europe's energy-importer status, Jane Foley said.
- Political uncertainty is weighing on the outlook, with a hotly contested French election next year and increasing pressure on Germany's chancellor following gains by the far-right AfD party in regional elections.
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The burden of rising bond yields covers other capital markets. 159 liters of Brent cost more than 100 dollars again. And the Dax has slipped below 25,000 points for the first time since July.
·Frankfurt, Germany
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www,finanzasdigital.com The euro depreciated this Thursday until it traded below the level of $1.13, reaching its lowest level compared to the...
Key takeaways: The euro plummeted on Thursday to its lowest level in 17 months and fell below the 1.13 dollar mark for the first time since May 2025. The decline was fueled by a combination of rising inflation, rising oil prices, and increasing political instability across Europe, causing investors to sell off their regional assets. […]
Coverage Details
Total News Sources11
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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