Dollar pressures euro and pound: currency pairs hit new lows
The U.S. dollar is ending the week significantly stronger, but this move is particularly evident across the major currency pairs. On September 25, EURUSD is trading around 1.1370 — its lowest level in two months, while GBPUSD is holding near 1.3220 — close to a three-month low. For the euro, this is already the third consecutive week of declines, while the British pound is having its worst week in roughly four months.
The main momentum is coming from the United States. Following the Fed’s September rate hike, investors are increasingly considering the possibility of further monetary tightening, while ... Read the full article
