Euro Falls to Two-Month Low on Fed Rate Bets
EUR/USD dropped to around 1.1475, marking a two-month low as expectations of a Fed rate hike strengthened the US dollar.
EURUSD
The euro weakened against the US dollar on Thursday, with EUR/USD trading around 1.1475, down 0.22% on the day. The pair is hovering near its lowest level in two months.
The decline was driven by growing expectations that the Federal Reserve will raise interest rates, which boosted demand for the greenback. The euro has been under pressure as the dollar benefits from hawkish Fed rhetoric.
Source: FXStreet Forex News