BusinessEuro Hits 16-Month Low as Fed Rate Hike Bets Boost Dollar
The euro dropped to its weakest level in 16 months, falling to $1.1312 amid expectations that the Federal Reserve will raise interest rates further. The US dollar strengthened broadly, with the 30-year US yield reaching its highest since 2002. The euro has lost 2.6% against the dollar this month, as investors believe the US economy can handle more tightening than the eurozone.
Mint Markets·4h ago




