Euro Struggles Near Three-Month Lows Amid Hawkish Fed and High Oil Prices

The Euro has been hovering near three-month lows around $1.1380 due to a combination of factors, including hawkish Federal Reserve expectations and rising US Treasury yields.

The US dollar has remained supported by these factors, while higher oil prices have added further strain on the single currency.

In particular, Brent crude has been trading just below the $100 mark, putting pressure on energy-importing European economies, which could see a notable drop in industrial production as a result.