The euro has fallen to a two-month low in the run-up to this week’s crunch meeting of the European Central Bank, due to the prospect of faster interest rate cuts and uncertainty around the looming US presidential election.
The single currency is down more than 2 per cent so far this month to around $1.09, its worst month since September last year.
The fall is being driven by weaker economic data out of the Eurozone, which has raised expectations that the ECB will be more aggressive in cutting rates, according to George Saravelos, global head of FX research at Deutsche Bank.
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