Dollar hits 17-month high on bond selloff
The US dollar reached a 17-month peak against the euro as a global government bond selloff pushed yields higher. Rising energy prices and inflation concerns drove the currency gains across major markets.
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The dollar climbed to a 17-month high against the euro on Thursday afternoon, driven by a global government bond selloff that pushed benchmark yields higher. EUR/USD fell 0.79% to $1.1238, its lowest level since May 2025.
