Euro Hits 16-month Low
EURUSD decreased to 1.12, the lowest since May 2025. Over the past 4 weeks, Euro US Dollar lost 3.38%, and in the last 12 months, it decreased 4.24%.
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EUR Hits Lowest Since May 2025
EUR Hits Lowest Since May 2025
Dollar hits 16-month highs as US yields top 5%
The euro and Swiss franc fell to 16-month lows against the dollar, while the benchmark 10-year Treasury yield settled above 5% after touching its highest since June 2007. The Australian dollar weakened after the Reserve Bank of Australia raised rates as expected.
Euro Hits 15-month Low
EURUSD decreased to 1.13, the lowest since May 2025. Over the past 4 weeks, Euro US Dollar lost 2.58%, and in the last 12 months, it decreased 3.55%.
Global diesel shortage expected to persist into 2027 amid draining inventories
A global diesel shortage, exacerbated by conflicts in Ukraine and Iran, is unlikely to ease before next year. US diesel inventories are at a record low for this time of year, and the EIA forecasts them to remain below 100 million barrels through 2026 and into 2027.