Euro Falls to Two-Month Low as ECB Rate-Cut Bets Rise
- Potential of Trump US election win also weighing on the euro
- Recent losses have reignited talks about euro-dollar parity
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The euro extended its decline, hitting the lowest since early August, on bets the European Central Bank will keep lowering interest rates to support the region’s faltering economy.
The currency dropped 0.2% to $1.0793 in New York trading, weakening throughout the session after Governing Council member Mario Centeno said the central bank would consider ramping up monetary easing should the data warrant it. ECB President Christine Lagarde later said in an interview with Bloomberg Television that while the path of rates was clear, the pace was still “to be determined.”