US Dollar Set for Strongest Month Against Euro
The US dollar hovered near yearly highs against the euro on Wednesday, driven by strong economic growth and rising interest rate expectations. The currency gained nearly 2.2 percent in September to mark its third consecutive quarterly advance.
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The dollar advanced toward its highest level of the year against the euro on Wednesday afternoon, heading for a 2.2% monthly gain. The surge is driven by resilient growth in the United States and shifting monetary policy expectations. This pace puts the dollar on track for its third consecutive quarterly advance against the single currency.
