Euro Hits Lows Against Dollar and Pound Despite ECB Rate Hikes
The euro fell to $1,111 — its lowest level since mid-May 2025 — and to £0.842, a low since early June 2025. Pressure comes from rising energy prices due to the war involving Iran, the French public finance crisis, and a stronger dollar after US inflation hit 3.7%. The ECB has raised rates twice this year, but that has not stopped the decline. Investors await Fed decisions on October 28 and ECB decisions on October 29.
Nilufar Karimova