Euro Falls to Two-Month Low as Traders Increase Bets on Further Declines
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EUR/USD Tests Two-Month Low: What’s Driving the Decline? - ActionForex
EUR/USD fell to 1.1378 on Thursday, with the US dollar holding near a two-month high. The dollar has been supported by strong macroeconomic data, which have heightened inflation concerns and expectations of further Federal Reserve tightening. According to S&P Global, US private sector business activity expanded at its fastest pace in more than five years […]
How is its fall connected to Fed and ECB moves?
The euro fell to its lowest level in nearly two months against the dollar, as options traders increased their bets on further declines following the Federal Reserve's latest interest rate hike. The single European currency was on track for its third consecutive daily loss, dropping 0.2% to $1.1426. Options market indicators showed growing pessimism about the euro's performance. […] The article "Euro at Two-Month Low as Hedging Increases" was pub…
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