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
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
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.
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