Euro Slides 1% Post-ECB Cut Amid US Economic Surge and Political Shifts in Europe

Last week, the Euro dipped 1% against the dollar following the ECB's anticipated 25 basis points interest rate cut and a robust US payrolls report. Despite the 'hawkish cut,' the common currency continued to weaken amidst a backdrop of European political upheaval and economic data favoring the US.

Published on 14 June 2024

Last week, the Euro dipped 1% against the dollar following the ECB's anticipated 25 basis points interest rate cut and a robust US payrolls report. Despite the 'hawkish cut,' the common currency continued to weaken amidst a backdrop of European political upheaval and economic data favoring the US.


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Hubpay Limited is incorporated (registration number 000004051) under the laws of the Abu Dhabi Global Market (ADGM). We are licensed and regulated by the Financial Services Regulatory Authority (FSRA) for Providing Money Services under Financial Services Permission number 190024. Address: 15-116, WeWork, Al Khatem Tower, ADGM Square, Al Maryah Island, Abu Dhabi, 46617, AE

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Hubpay Limited is incorporated (registration number 000004051) under the laws of the Abu Dhabi Global Market (ADGM). We are licensed and regulated by the Financial Services Regulatory Authority (FSRA) for Providing Money Services under Financial Services Permission number 190024. Address: 15-116, WeWork, Al Khatem Tower, ADGM Square, Al Maryah Island, Abu Dhabi, 46617, AE