In the New York foreign exchange market, the euro rose as speculations of a rate cut by the European Central Bank (ECB) in October receded.

September 13, 2024 at 5:44 AM GMT+9 (excerpt)

In the foreign exchange market of New York, the euro rose against the dollar. Despite the European Central Bank (ECB) implementing an additional rate cut at the board meeting held on the 12th, President Lagarde stated that future decisions would be made at each meeting and that there would be no commitment to a specific course in advance, leading to a decrease in speculations of a rate cut in October.
On the 12th, the ECB decided to implement an additional 0.25% rate cut in response to the slowdown in inflation and economic growth.