Dollar Hits 17-Month High as Euro Struggles With French Debt
· Business · Economic Times, Axios
The US dollar reached a 17-month peak on Monday as traders reduced their expectations for a Federal Reserve rate hike following soft labor market data. Conversely, the euro remains near its lowest level since May 2025, pressured by concerns over France's rising debt and political instability. Global borrowing costs have surged following a recent bond market rout, further supporting the dollar as a safe-haven asset. The yield on US 10-year Treasury notes was recorded at 5.262%, while the dollar index stood at 101.97.
Why it matters
The dollar's strength and rising global yields create pressure on cyclical currencies and carry trades, impacting global investment flows and borrowing costs.
Read the original report — Economic Times
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