Euro Hits 16-Month Low Against Dollar -- Market Talk

0738 GMT - The euro falls to a 16-month low against the dollar, extending its recent slide as U.S. interest-rate rise expectations remain elevated. "Yesterday's softer-than-expected August U.S. PCE inflation data barely put a dent in Federal Reserve tightening expectations, perhaps because U.S. activity data continues to come in on the encouraging side," ING's Chris Turner says in a note. Consumer spending data are holding up and there were signs payroll growth is accelerating again in Wednesday's ADP private payrolls report, he says. The euro falls to as low as $1.1287, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

October 01, 2026 03:38 ET (07:38 GMT)