The US dollar remains strong, with the euro at its lowest level since May 2025, due to concerns over France's debt and political gridlock. The dollar index is at 101.97, with the euro at $1.1246 and sterling at $1.3241.
The euro has declined for four consecutive weeks due to French debt concerns and political uncertainty.
The dollar index is at 101.97, a measure of the US currency against six major units.
US 10-year Treasury yield is at 5.262%, below its 24-year high.
Markets expect the US Fed to hold interest rates steady in October, with a 78% chance.
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The euro was at US$1.1246, stuck near its lowest level since May 2025 after clocking four consecutive weekly declines. (Reuters pic)
SINGAPORE: The dollar started the week on a firm footing, hovering near a 17-month high on Monday as traders weighed receding odds of a Federal Reserve rate hike this month after soft US jobs data while fiscal worries in France left the euro vulnerable.
The euro was at US$1.1246, stuck near its lowest level since May 2025 after clocking four consecutive weekly declines as France's debt levels and concerns about political gridlock ahead of next year's election hit the common currency.
Sterling fetched US$1.3241, while the Japanese yen bought 157.69 per US dollar in early Asian hours. That left the dollar index, which measures the US currency against six major units, at 101.97.
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