Euro takes a hit as ECB and Federal Reserve rate decisions diverge

The euro is slipping fast, dragged down by traders who are betting that interest rates in Europe and the US will continue to head in opposite directions. Yesterday, the European Central Bank (ECB) cut rates, and inflation data from Germany and France today reinforced the idea that more rate cuts are coming. Meanwhile, the US […] source: https://www.cryptopolitan.com/euro-takes-a-hit-as-ecb-and-fed-rate-diverge/