Analysis-Euro’s dollar resilience faces energy price, political risk tests
8 Articles
8 Articles
Euro’s $1.20 Rally Is Losing Steam as Energy Shock and Europe’s Political Risks Return
The euro’s strong run against the dollar is facing a new test as higher energy prices, political uncertainty and renewed pressure on European bond markets threaten to undermine a currency that had appeared increasingly resilient. The euro had been heading toward $1.20 in August, but has since fallen about 2% this month to around $1.14, […]
Analysis-Euro’s dollar resilience faces energy price, political risk tests
By Sophie Kiderlin and Dhara Ranasinghe LONDON, Sept 29 (Reuters) – The fortunes of the euro, trading not far off its lowest levels of the year against the dollar, are in the grip of a global energy shock and growing political risk in Europe. The euro was heading towards $1.20 in August, but has fallen around 2% this month to two-month lows of just below $1.14. While a US rate rise that has restored the Fed’s inflation-fighting credentials has…
In September, the euro weakened by about two percent against the US dollar, and the European currency is now close to its lowest level this year. At the same time, the rise in energy prices and political uncertainty put an additional burden on the European economy.
The euro is trading near its lows against the dollar for the year. The currency is under pressure from both the global energy shock and rising political risks in Europe. Banker.az reports that although the euro approached $1.20 in August, it fell by about 2% in September to below $1.14, its lowest level in the last two months. The last price was around $1.137. The strengthening of the dollar was due to the US Federal Reserve’s […]
The euro weakened against the dollar today to its lowest level since May 2025 as a stall in talks to reopen the Strait of Hormuz and rising oil prices boosted demand for the US dollar as a safer haven for investors.
The euro weakened against the dollar today to its lowest level since May 2025 as talks stalled on reopening the Strait of Hormuz and oil prices rose.
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