The euro Exchange Rates have dropped to their lowest level since 2022, with parity almost in sight.
① The Euro to US Dollar Exchange Rates continue to decline, reaching 1.0320 dollars, the lowest since November 2022, due to investor concerns about Trump's ascendancy, the Russia-Ukraine situation, and the possibility of the European Central Bank cutting interest rates; ② Russia has stopped supplying Henry Hub Natural Gas to Europe through Ukraine, which reminds traders of the Energy dilemma faced by the EU.
The divergence between the economic outlook and interest rates in Europe and the U.S. is growing, with the euro against the dollar reaching a new low in two years.
The euro fell to its lowest point against the US dollar since 2022.
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The manufacturing PMI in the Eurozone accelerated its decline in December, supporting expectations for a significant interest rate cut by the European Central Bank.
In December of last year, the Eurozone's manufacturing sector hardly felt any festive atmosphere.