Dollar Surges in September, Leaving Euro Lagging
- The U.S. dollar strengthened in September, advancing nearly 2% against the euro as The Bloomberg Dollar Spot Index rose about 2% this month, nearing multi-month highs on Wednesday.
- Rising Treasury yields, with the two-year benchmark closing in on 5%, bolstered the greenback as markets increased expectations for a Federal Reserve rate hike in October to more than 70%.
- The euro declined 2.6% this month, pressured by persistent energy concerns and political instability in France, where the premium investors demand over German debt exceeded 110 basis points.
- Bank of Nassau 1982 chief economist Win Thin said, "This is broad-based dollar strength on rising yields," while Morgan Stanley analysts expect the greenback to maintain dominance through year-end.
- Investors are tracking the Personal Consumption Expenditures index due Wednesday and nonfarm payrolls on Friday, which serve as critical hurdles for confirming the dollar's momentum in coming weeks.
98 Articles
98 Articles
The European currency marks the lowest levels since May 2025 and loses the $1.13 per euro. The gala debt differential skyrockets to more than 140 points
Dollar Hits 17-Month High as French Fiscal Fears Weigh on Euro Ahead of US Jobs Data
SINGAPORE: The US dollar headed for its third straight week of gains on Friday, as a bond market rout in the face of inflationary fears over higher oil prices and concerns over French fiscal health kept the euro rooted near its lowest in 17 months.Investors were reeling from a steep global bond selloff on Thursday that sent yields on benchmark US 10-year Treasuries to 5.344%, their highest since 2002, before bargain hunters stepped in to help s…
Dollar at 17-month high as global bond rout hits euro
SINGAPORE: The US dollar headed for its third straight week of gains on Friday, perched at a 17-month high as a bond market rout pushed borrowing costs across the globe to multi-decade peaks in the face of inflationary fears over higher oil prices. Investors were reeling from a steep global bond sell-off on Thursday that sent yields on benchmark US 10-year Treasuries to 5.344%, their highest since 2002, ahead of a US jobs report that could inf…
Coverage Details
Bias Distribution
- 52% of the sources lean Right
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
