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.
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