The euro rose in European trade on Friday against a basket of major rivals, after a seven-session wave of losses against the dollar that sent the common currency to 2-⅕ month lows. The euro is about to register its third weekly loss in a row after the European Central Bank cut interest rates for the third time this year, while...

Euro fell in European trade on Monday against a basket of major rivals, resuming the losses and trading near 2-⅕ month lows against the US dollar amid negative pressures due to concerns about the US-eurozone interest rate gap. Recent media reports pointed to a likely fourth eurozone interest rate cut this year in December, unless upcoming data pointed otherwise. The...

Euro lost ground in European trade on Thursday on track for the second straight loss against the dollar, plumbing two-month losses, amid concerns about a wider eurozone-US interest rate gap. The European Central Bank is now widely expected to cut interest rates next week, while the odds of a Federal Reserve interest rate cut in November receded. Investors are now...

The European Central Bank voted to cut interest rates by 25 basis points to 3.40%, the lowest since February 2023, thus matching analysts' expectations. ...