Euro falls to two-month low as Fed shows no rush for further large rate cuts
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Euronews.com
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The euro has fallen to its lowest level against the US dollar since August, influenced by divided opinions within the Federal Reserve regarding rate cuts. The euro's decline is expected to continue ahead of the ECB's upcoming policy meeting, with market expectations shifting towards a quarter-point rate cut. Economic challenges in the Eurozone, including weak data and rising tensions in the Middle East, further pressure the euro, while the US dollar benefits from its status as a safe-haven asset. Teljes cikk (Euronews.com)