The euro reached its strongest level against the dollar since April 2022, extending an advance fueled by a widening interest-rate differential.
(Bloomberg) — The euro reached its strongest level against the dollar since April 2022, extending an advance fueled by a widening interest-rate differential.
The euro rose as much as 0.5% to $1.1043 on Thursday, exceeding its previous 2023 high of $1.1033 on Feb. 2. The common currency has strengthened against the dollar for five of the past six months as the US Federal Reserve has slowed its pace of interest-rate increases while the European Central Bank maintains a more aggressive pace.
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