Reported about 10 hours ago
Recent data indicates a surprising contraction in business activity within the euro area, raising doubts about Europe’s economic outlook. The euro has plummeted against the dollar due to heightened concerns over political instability in Germany and France, alongside potential U.S. tariffs under Donald Trump's administration. As inflation pressures increase and political turmoil continues, the European Central Bank may need to implement more aggressive interest rate cuts to stabilize the economy.
Source: YAHOO