Euro Falls on Increased Bets of ECB Oct Rate Cut, Dollar Builds Momentum

Euro declined broadly today after ECB Governing Council member Olli Rehn became the first official to openly indicate that risks are now tilted toward another rate cut in October. Additionally, data showed that Eurozone’s headline CPI fell below the ECB’s 2% target for the first time since 2021, even though core inflation remains elevated. A […] The post Euro Falls on Increased Bets of ECB Oct Rate Cut, Dollar Builds Momentum appeared first on Action Forex.

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Oct 5, 2024 - 15:49
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Euro Falls on Increased Bets of ECB Oct Rate Cut, Dollar Builds Momentum

Euro declined broadly today after ECB Governing Council member Olli Rehn became the first official to openly indicate that risks are now tilted toward another rate cut in October. Additionally, data showed that Eurozone’s headline CPI fell below the ECB’s 2% target for the first time since 2021, even though core inflation remains elevated. A […]

The post Euro Falls on Increased Bets of ECB Oct Rate Cut, Dollar Builds Momentum appeared first on Action Forex.

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