Ammon News - The dollar touched a more than three-month high on Thursday, ​supported by an extended rise in US Treasury yields that has been partly driven by concerns ‌about persistent global price pressures stemming from the US-Israeli war on Iran.

Data showing US inflation rose less than expected in August, along with downward revisions to July's reading, reduced expectations for a Federal Reserve rate hike this month . But a surge in euro zone inflation underscored the threat ​that higher energy prices continue to pose to the global economy.

Against the dollar, the euro fell 0.11% to $1.1317 ​in Asia. It clocked a loss of nearly 2.5% in September, the largest since July ⁠2025, pressured by Europe's debt and energy worries.

Sterling edged 0.1% lower to $1.32495 after having slid 2.1% last month, similarly weighed ​down by a stronger greenback. The dollar peaked at 101.66 against a basket of currencies , its highest level since ​June 25, extending its 2% rise in September.

Against the yen , the dollar was up 0.54% at 158.29 after falling 1.4% against the Japanese currency last month.

The Australian ​dollar fell to a two-month low of $0.6940 on Thursday, as investors lengthened ​the odds on another near-term rate hike from the Reserve Bank of Australia after domestic inflation came in slightly lower than forecast.

The New Zealand dollar ​similarly slid to its lowest point since November 2025 at $0.5618.


Reuters