Reported 10 months ago
The euro dipped against the dollar as recent US inflation data mitigated worries over aggressive rate cuts, keeping the dollar index close to a two-year high. Following the Federal Reserve's surprise projection of rate cuts in 2025, the dollar saw a resurgence, while the euro fell to a two-year low amidst expectations of contrasting central bank actions. The Japanese yen also struggled near a five-month low, amid a backdrop of market volatility as the year-end approaches.
Source: YAHOO