💨 Abstract

The euro fell against the dollar on Monday due to weak business activity reports in the eurozone, supporting expectations of more interest rate cuts by the European Central Bank. The U.S. dollar, on the other hand, remained steady with rising inflation, and markets currently price in a 77% chance of a 25 basis points cut by the ECB in October. The U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖