Euro Set for Record Run of Losses as ECB Seen Done Raising Rates
- Currency falls for a ninth week as markets price no more hikes
- Hedge funds turned bearish while analysts lower forecasts
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The euro was headed for the longest streak of losses since its inception on bets the European Central Bank is done raising interest rates.
The currency was falling for a ninth-straight week, the biggest run of declines since it was created over two decades ago. It’s down more than 5% against the dollar after peaking in mid-July and currently was trading close to the lowest levels since March.