Dollar set for September rise, mainly at euro's expense
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The dollar stood near this year's high versus the euro on Wednesday, poised for its largest monthly rise in 14 months.
- ✓US growth and rising interest rates powered the greenback.
- ✓Brent Donnelly said, "The US economy is running hot, Europe is losing the global AI race, and energy supplies remain concerns."
Story at a Glance
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- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
SINGAPORE, Sept 30 (Reuters) - 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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Through September the dollar is up nearly 2.5% on the euro, and the rising greenback also pushed its Australian counterpart below 70 cents for the first time since early August.
"The US economy is running hot, Europe is losing the global AI race, and energy supplies and French politics remain big concerns for the euro," said Brent Donnelly, president of foreign exchange trading at analytics firm Spectra Markets.
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