Bearish
Euro hits May 2025 lows against US Dollar amid rising oil prices and Fed rate hike speculation.
In the past 24 hours, the EUR/USD pair has declined to its lowest level since May 2025, trading at 1.1235 USD. This drop is primarily driven by escalating oil prices, which have intensified inflation concerns and bolstered expectations of further interest rate hikes by the Federal Reserve. Consequently, the US Dollar has strengthened, exerting downward pressure on the Euro.
Key points
- EUR/USD falls to 1.1235 USD, lowest since May 2025, amid rising oil prices.
- Speculation grows over potential Fed rate hikes due to inflation concerns.
- European Central Bank maintains current interest rates, offering no immediate support to the Euro.
Sources
AI-generated from public news sources. Not financial advice.
