Forex
Euro Slips Below $1.15 Ahead of Expected Fed Rate Hike
The euro slid to its lowest level since mid-August, reaching $1.15 as the dollar remained strong ahead of the Federal Reserve's expected rate hike on Wednesday.
Rising oil prices, fueled by the escalating war in the Gulf, weighed heavily on market sentiment.
Inflationary pressures remain elevated due to the ongoing US-Israeli conflict with Iran, pushing oil prices above $100 a barrel and disrupting monetary policy expectations.