Euro Falls to Weakest Level This Year While Dollar Gains Show No Sign of Easing
- The greenback advanced against all of its G-10 peers on Monday
- Traders are now mulling how low the common currency could fall
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The euro fell to its weakest level this year as the dollar gained against all of its 10 major peers at the start of a new quarter of trading.
The common currency dropped as much as 0.9% against the dollar on Monday to $1.0478 — the lowest since December — extending a slide from a 16-month high reached in July, when the European Central Bank’s tightening cycle was in full swing.