💨 Abstract

The euro fell against the dollar on Monday due to a grim picture of the eurozone economy, with business activity readings indicating a potential need for more interest rate cuts by the European Central Bank (ECB) this year. The common currency dropped 0.4% to $1.1122, while traders now anticipate cuts of around 44 bps this year from the ECB. The U.S. dollar index rose 0.1%,

Courtesy: theprint.in

Summarized by Einstein Beta 🤖