Dollar set for large rise in September, mainly at euro’s expense
The US dollar surged to near its yearly high against the euro in September, with analysts forecasting a notable monthly increase. This rise primarily stems from robust US economic growth and escalating interest rates compared to Europe, which is grappling with energy shortages, political unrest, and a faltering AI race. The euro dipped to its lowest point since May 2025, trading close to $1.1312, before stabilizing around $1.1339 in Asia.
The dollar has climbed nearly 2.5% against the euro this month, setting the stage for a third consecutive quarterly gain. The stronger dollar has also caused the Australian dollar to dip below 70 cents, reaching a nine-week low of $0.6959 following slightly below-forecasted inflation data.
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