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09 Sep 2025

The euro extends its gains to a seven-week high, and all eyes are on the European Central Bank

The euro rose on Tuesday against a basket of global currencies, extending its gains for the third consecutive day against the US dollar, reaching a seven-week high. This was as the US currency continued to sell off in the foreign exchange market, overshadowed by concerns about political stability in France, the eurozone's second-largest economy.

The euro rose 0.15% against the dollar to $1.1778, its highest level since July 24, from the opening price of $1.1763. It hit a low of $1.1758

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