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Tag Archives: Euro

Euro Falls as ECB Cuts Rates by 25 Basis Points 

ECB Cuts Rates to 3% as Expected  The European Central Bank (ECB) lowered its benchmark interest rate by 25 basis points to 3% on Thursday, a decision widely anticipated by markets. This marks the fourth-rate reduction in 2024, with the central bank hinting at the potential for additional cuts as inflation nears its target and […]

Written on December 13, 2024 at 11:44 am, by

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Categories: Market News (New), Market Outlook (New), News

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Euro Under Pressure Amid French Political Turmoil and Strong US Data 

Euro Starts December Under Pressure  On Monday, the Euro softened against the US dollar amid concerns that the French government could collapse, potentially stalling efforts to address the country’s mounting budget deficit. The EURUSD pair extended its losses following strong US manufacturing data from ISM, declining by 0.73% to close at 1.0497.  (EURUSD Daily Price […]

Written on December 3, 2024 at 2:40 pm, by

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