Euro Drops As ECB Expected To Cut Rates Further (Daily FX)
The Euro fell nearly 400 bps during overnight trading as markets started to price in an expected ECB rate cut on Thursday. An empty fundamental calendar put the week?s most significant event risk in full focus and the expectations that the central bank will lower its benchmark rate by 50 bps led to a sharp sell off in the Euro.
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Euro Drops As ECB Expected To Cut Rates Further (Daily FX)
