The euro is trading at its lowest level in ten weeks

The euro continues to fall against the dollar during Monday's trading, recording the lowest level in ten weeks, in light of the continued rise in the dollar against major currencies in addition to increasing chances of rising US interest rates.

The euro against the dollar is currently trading at 1.1103 level, after recording the highest at 1.1198 and the lowest level at 1.1181 and the session was opened today at the level of 1.1113 comes after the euro fell today to the lowest level in ten weeks at 1.1095.

Recent statements by Federal Reserve Bank President Janet Yellen pointed to the continued recovery of the US economy and its readiness to accept the decision to raise interest rates during the coming period, which increased the chances of interest rates rising to add more negative pressure on the single European currency.

In general, the dollar rose after the Fed's announcement of the minutes of its meeting to show most members approval to raise interest rates in the next meeting with the continued improvement in the conditions of the US economy, which appeared on the economic data recently released from the US economy.

The dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 95.90 after it opened today's session at the level of 95.83, while the lowest level has been recorded at 95.82 after recording the highest in eight weeks at 95.94, comes after rising to record four consecutive weeks of rising.