Euro Lost 1.08% to $1.0427 -- Data Talk
Euro Weakness Boosts the Dollar to a 2-Year High
Express News | CFTC- Euro Net Short Position Is -42,557 Contracts in Week Ended Nov 19 2024
EURO STOXX 50 Index Ends the Week 0.12% Lower at 4789.08 -- Data Talk
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
Euro-Area Inflation Jump Won't Unnerve ECB Locked in Easing Mode
