Euro Falls to Monthly Lows Below 1.1550 on Oil Above $100 and Fed Rate Hike Bets
Digital FinanceMacroCommodity
The Euro dropped to monthly lows below 1.1550 against the US Dollar on Monday as risk-averse markets, oil prices above the $100 level and a stronger dollar weighed on the single currency. Traders are increasingly betting that the Federal Reserve will raise interest rates at its meeting on Wednesday, adding further pressure to the Euro. The combination of elevated crude prices and expectations of tighter US monetary policy has driven investors toward the dollar and away from risk-sensitive assets.
