Euro Hits Three-Year High Against Dollar Amid Fed Chair Speculation

Author's Avatar
Apr 21, 2025

The euro has surged to its highest level in three years against the U.S. dollar, as investors assess the potential impact of Federal Reserve Chair Jerome Powell's possible early departure. The euro/dollar pair climbed 0.7% to 1.1476, marking its strongest position since February 2022.

Meanwhile, the U.S. dollar index saw a decline of 0.5%, with the dollar weakening against all G-10 currencies. The dollar/yen pair also fell by 0.6% to 141.29.

Become a Premium Member to See This: (Free Trial):

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.