The euro fell to a two‑week low of $1.1566 against the dollar as options traders scramble to hedge against further declines. Higher energy costs and rising U.S. bond yields are fueling bearish sentiment, prompting the most pessimistic options positioning in nearly a month. The dollar has been favored in nine consecutive sessions, marking the longest such streak since 2017.

The shift reflects growing concerns over continued pressure on the common currency amid volatile market conditions.