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Forex

Dollar Surges to Three-Month High Amid Global Price Pressures

Guavy AI Editorial Team
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EUR USD
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The US dollar reached a three-month high on Thursday, driven by rising US Treasury yields and concerns over persistent global price pressures stemming from the US-Israeli war on Iran.

Data showing that US inflation rose less than expected in August, along with downward revisions to July's reading, reduced expectations for a Federal Reserve rate hike this month.

The euro fell 0.11% against the dollar to $1.1317 in Asia, its largest loss since July 2025, as Europe's debt and energy worries weighed on the currency.

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