Forex
Dollar Surges Against Euro Amid Strong US Growth and Interest Rates
The US dollar is poised for its largest monthly rise against the euro in 14 months, thanks to strong economic growth and rising interest rates in the United States.
In contrast, Europe faces energy and debt worries that are weighing on the euro. The currency has dipped to its lowest level since May 2025 at $1.1312 and currently trades near $1.1337.
The dollar is up nearly 2.5% against the euro in September and set to notch a third straight quarterly rise. Brent Donnelly, president of foreign exchange trading at Spectra Markets, says the US economy is running hot while Europe is losing the global AI race.