Euro Falls to Over 3-Month Low

2026-03-09 01:05 By Czyrill Jean Coloma 1 min. read

The euro fell to around $1.156 on Monday, extending losses from the previous week and hitting its lowest level in more than three months, as investors sought the safety of the dollar amid escalating tensions in the Middle East.

The conflict, now entering its second week, shows no signs of easing after US President Donald Trump demanded Tehran’s unconditional surrender.

Rising oil and gas prices have also raised concerns, despite Trump’s pledge to protect tankers in the strategic Strait of Hormuz.

The surge in energy costs has reignited worries over eurozone inflation, which could rise above the European Central Bank’s 2% target if price pressures persist.

ECB Executive Board member Isabel Schnabel said that, while inflation is projected to meet the 2% goal over the medium term, the central bank “cannot be complacent.” Swaps now price in two full 25-basis-point ECB hikes this year, up from one last Friday.



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