Euro drops to 17-month low on inflation
The euro dropped to a 17-month low against the dollar due to mounting inflation, high energy prices, and political uncertainty across the region. European stocks and bonds also declined as global markets reacted to shifting economic pressures.
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The EUR/USD fell 0.35% to $1.1291 on Thursday morning, hitting a 17-month low amid mounting inflation pressures and political uncertainty. The decline pushed the single currency down nearly 2.5% in September, its steepest monthly drop since July 2025.
