The Euro's recent rise of 0.25% against the Dollar follows a four-day losing streak, but remains near its lowest levels in over a year.
Anticipation of a third consecutive interest rate cut by the European Central Bank adds pressure on the Euro, coinciding with weak economic performance and investor sentiment.
Political uncertainty in Germany and France, including a potential confidence vote that may lead to early elections, is contributing to the declining confidence in the Eurozone.
The US economy's stronger-than-expected data, particularly in the job market, raises concerns about the pace of interest rate cuts in the Eurozone.
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