Dollar Climbs as Euro Hits 17-Month Low — SkimNews
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- The U.S. dollar is climbing ahead of the release of Federal Reserve minutes, with the euro sliding toward 17-month lows against it (per Reuters).
- Bloomberg reports the dollar is nearing a new yearly high as investors move into safe-haven assets, while The Economist and Barron's attribute the rally partly to an ongoing bond market sell-off.
Why it matters: A stronger dollar driven by safe-haven flows and a bond sell-off raises the cost of dollar-denominated debt for emerging markets and U.S. importers, while making European exports more price-competitive.
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