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The euro fell 0.4% against the dollar EUR/USD, reaching 1.0314, the lowest level since November 2022. Since late September last year, the currency pair has fallen by about 8% due to concerns about the European economy and the divergence in monetary policy with the United States. Worries about export-oriented economies in the region being hit by US trade tariffs and the European Central Bank cutting interest rates more than expected by the Fed have kept the euro exchange rate declining. Political uncertainty in the EU's largest economy has also added pressure. Many strategists expect the euro to fall to parity with the dollar this year, or even lower. The last time it broke through this key psychological barrier was in 2022, when the Russia-Ukraine conflict erupted, triggering an energy crisis in Europe and concerns about economic recession.
PEPE9,23%
S4,19%
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Snehaavip
· 2025-01-02 14:24
Keep BUIDL🧐WAGMI 💪Buy the Dip 🤑To Da Moon 🌕
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