Reported 2 days ago
The euro has fallen to its weakest point against the dollar in over two years, reaching $1.0306, while the pound has also slipped to an eight-month low at $1.2389. This decline is driven by concerns over Europe’s economic stability, including fears of the impact of US trade tariffs on export-oriented economies, potential interest rate cuts by the European Central Bank, and political instability in major economies like Germany and France. The weak performance follows stagnant growth in the UK, prompting expectations of deeper interest rate cuts, and could lead to the euro testing parity with the dollar in the near future.
Source: YAHOO