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Macro

Euro Falls to 1.1092 Against Dollar, Lowest Since May

The euro fell 0.64% to $1.1092 in late New York trading on Wednesday, its lowest level since May, after holding near 1.1160 in Asian hours and accelerating lower from 20:29 Beijing time into the US open. It touched 1.1083 at 22:59, approaching the May 12 2025 low of 1.1065. The Swiss franc dropped over 0.9% against the dollar, which rose 0.94% to 0.8331 francs.

Original source

AI take

The move is notable less for the euro's slide than for its breadth: a broad dollar bid that also took the Swiss franc down more than 0.9% points to a currency-wide repricing rather than a euro-specific story, which matters for anyone holding dollar-denominated exposure or pricing cross-border RWA deals in these pairs. The May 12 low near 1.1065 is now the level in focus, and whether that floor holds or gives way is the open question. Watch whether the franc's weakness persists alongside the euro's — a joint move would suggest the driver is dollar strength, not European fundamentals.

Generated by AI for reference only.

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