The euro fell to its lowest level since 2022, with the market raising the possibility of a 50 basis point rate cut by the european central bank to 50%.

During the US session on Friday, November 22nd, the euro fell by about 1% to $1.0331, its lowest level since November 2022. Data released last Friday showed that the contraction in business activities of the two largest economic entities in the Eurozone was greater than expected. Market suggests that the likelihood of the European Central Bank cutting interest rates by 50 basis points next month has jumped from about 15% on Thursday to over 50%. JPMorgan Private Bank's global market strategist Matthew Landon said, "This report does put a 50 basis point rate cut on the table." He added that shorting the euro was the company's external

FX678 Finance11:43 ET

The euro has hit a two-year low! Economic data is bleak, with expectations for the European Central Bank to cut interest rates by 50 basis points in December surging.

After the release of the PMI data, the euro fell more than 1% against the dollar to 1.0335 dollars, the lowest level since November 2022. Market bets on the possibility of the European Central Bank cutting interest rates by 50 basis points next month jumped from around 15% yesterday to over 50%. Interest rate traders expect a 150 basis point cut by the end of 2025.

wallstreetcnNov 22 08:59 ET

The Vice President of the European Central Bank: The path of interest rate cuts is more important than the magnitude.

Vice President of the European Central Bank Luis de Guindos stated that the European Central Bank is clearly moving towards interest rate cuts, but the magnitude of rate cuts at each monetary policy meeting is not so important.

Zhitong FinanceNov 22 08:30 ET

Eurozone's November PMI unexpectedly fell again, will the European Central Bank cut interest rates again in December?

Political turmoil and escalating trade tensions are exacerbating economic pressure.

Gelonghui FinanceNov 22 07:57 ET

ECB Vice President said that the monetary policy will continue to be relaxed, and there is no need to pay too much attention to the magnitude of a single interest rate cut.

De Guindos, Vice President of the European Central Bank, stated that the ECB is on the path of reducing interest rates, and the amount of each rate cut is not very important; De Guindos expects that wage growth in the euro area will slow down next year, and the inflation rate will approach the 2% target.

cls.cnNov 22 07:15 ET

Expectations of interest rate cuts are rising! The Eurozone's November PMI has entered a contraction range, with the pace of contraction in French business activity being the fastest since January this year, and the German service sector continues to rema

In November, business activity in the Eurozone declined again, with both the services and manufacturing PMIs entering contraction territory, new orders falling for six consecutive months with an increasing rate of decline, and business confidence reaching its lowest point in a year.

wallstreetcnNov 22 04:41 ET