Euro, Pound hit month-low amid renewed fears of slowing ‎growth

Euro and British pound fell to a one-month low against US dollar on Friday, as investors worried about a further slowdown in global economic growth after US central bank officials reiterated that there is a need to raise interest rates.

The US dollar index rose 0.2% to 107.69, after earlier touching 107.74, its highest level since July 18. The index is on track to rise 1.9% this week, to be its best performance in ten weeks

The Euro settled at $1.0084, after touching its lowest level since July 15. The pound fell 0.4% to its lowest level in a month, at $1.1882

Moreover, the Euro is on track to fall 1.7% since last Friday, which would make it the worst week since July 8. As for the pound sterling, it is on the verge of recording its worst weekly performance in more than a year, with expectations that its weekly decline will reach 2%.