US Dollar Hits 18 Month High Amid Europe Woes
The US dollar reached an 18 month high driven by strong US growth and rising Treasury yields. Meanwhile, escalating fiscal deficits and energy risks in Europe continue to weigh heavily on the euro.
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The United States dollar surged to an 18-month high this fall, driven by persistent domestic interest rates and growing economic distress across Europe. The greenback has appreciated 5% against the EUR/USD pair this year. This widening policy divergence is emboldening investors to bet on further dollar gains.
