Euro hits 17-month low amid market shifts in Greece
The single European currency slipped below 1.13 against the dollar due to higher oil prices and political uncertainty.
- The euro fell to 1.1292 against the US dollar.
- September saw a monthly decline of approximately 2.5%.
- Investors reduced exposure to European assets amid energy concerns.
Currency fluctuations impact investors, travelers, and international transactions involving Greece.
The euro reached a 17-month low against the US dollar, dropping below the 1.13 threshold to 1.1292, a decrease of 0.32%. During September, the European currency declined by about 2.5%, marking its largest monthly drop since July of the previous year. Market data indicates that investors moved away from European assets due to the economic impact of higher oil prices and political uncertainty across several eurozone nations. Meanwhile, the US dollar index climbed to its highest level since mid-May 2025.
Yavanet will keep updating from official sources.
