Dollar Reaches Highest Level Against Euro in Over a Year
The dollar has reached its highest level against the euro in over a year, appreciating by 0.60% to $1.0479 per euro yesterday, after peaking at $1.0462, a level unseen since October 2023.
The rise of the dollar can be attributed to divergent monetary policies: the US Federal Reserve (Fed) is taking a stricter stance, while the European Central Bank (ECB) appears more lenient.
