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Macro

Euro Falls 0.26% to 1.1341 in New York; Hits 1.1312 Intraday

The euro fell 0.26% against the dollar to 1.1341 in New York trading on Tuesday, September 29, sliding steadily through the session. It touched 1.1312 at 00:58 Beijing time, approaching the May 29, 2025 intraday low of 1.1210. The euro also slipped 0.07% versus sterling, while the dollar rose 0.19% against the Swiss franc.

Original source

AI take

The euro's slide against the dollar, alongside a firmer dollar versus the franc, points to broad greenback strength rather than euro-specific weakness, with the single currency's softer move against sterling suggesting the pressure is concentrated in the dollar pair. For crypto and RWA markets, the relevant channel is the same one that has dominated macro positioning: a firmer dollar tends to tighten global liquidity conditions that risk assets, including tokenized products, are sensitive to. Whether the euro extends toward its prior intraday low or stabilizes is the open question, and the dollar's cross-market tone remains the variable worth tracking.

Generated by AI for reference only.

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