EUR/USD slides as dollar nears yearly high on strong US growth

The US dollar is heading for a September gain that has come mainly at the euro's expense. It is trading close to a yearly high against the single currency, which puts EUR/USD near the lower end of its range for the year. The source reports no specific price levels, percentage changes or pip figures. The main driver is strong US economic growth, which continues to support the greenback. In Europe, concerns over energy supplies and debt have added to the pressure on the euro and widened the gap in sentiment between the two economies. Looking ahead, important US economic data is expected to shape interest rate expectations in the near term, making upcoming releases a key focus for EUR/USD direction. Traders should note that strong US data could reinforce the dollar's advantage. Softer figures could shift rate expectations and ease pressure on the euro. Ongoing European energy and debt concerns remain a headwind for the single currency.