Reported about 7 hours ago
The euro has dropped to its lowest level since November 2022, trading at $1.0335, as traders expect significant interest rate cuts from the European Central Bank to support a weakening economy. Recent data revealed a contraction in business activity, prompting market speculation of a half-point rate cut next month. The currency continues to face downward pressure amid domestic crises in Germany and France and geopolitical uncertainties, with analysts forecasting further declines towards parity with the dollar.
Source: YAHOO