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The Economic Times
The Economic Times
Business

Dollar set for September rise, mainly at euro's expense

Euro United States Europe Australian Dollar New Zealand US Federal Reserve

The dollar stood near this year's high versus the euro on Wednesday and was poised for the largest monthly rise against it for 14 months, powered by US growth and rising US interest rates in contrast to the energy and debt worries swirling in Europe.

Overnight, the euro dipped to its lowest since May 2025, at $1.1312, and traded nearby at $1.1339 in Asia. The euro is also testing support around 178 yen.

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