U.S. dollar hits months-long high against euro on European concerns

The U.S. dollar hits a 17-month high against the euro as French debt worries and political risk shake European markets, even as soft U.S. jobs data prompts investors to scale back Federal Reserve rate hike bets. Meanwhile, crude prices edge lower as Middle East exports recover, G7 nations release 100 million barrels of strategic reserves, and Iran sets its terms for the Strait of Hormuz. In M&A, French industrial giant Schneider Electric strikes a massive $22.6 billion deal to buy U.S. software group PTC to capture the industrial AI boom. Plus, we are live from London at the Goldman Sachs "10,000 Small Businesses - How Britain Can Win" conference, spotlighting U.K. growth and innovation with key guests.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.