The euro reached its highest level against the dollar since September 2021 on Thursday, rising 0.23% at 5:32 pm CET to go for 1.17484.
The currency extended its rally against the dollar amid differences in monetary policy and ongoing efforts by the United States and the European Union to reach a trade compromise. Meanwhile, the European Central Bank (ECB) remained committed to its symmetric 2% inflation goal, whereas the US Federal Reserve (Fed) remained open to the possibility of a rate cut in September.
At 5:43 pm CET, the euro strengthened 0.28% to exchange for 1.17537.
