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

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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