EUR/USD Decline Summary
The euro (EUR) has fallen sharply against the US dollar (USD), heading for its longest daily losing streak in a year.
This marks the seventh consecutive session of decline for the EUR/USD pair.
The European Central Bank (ECB) cut interest rates by 25 basis points to 3.40%, as expected by the market.
Eurozone inflation slowed to 1.7% in September, below the ECB's target of 2%.
Weak economic conditions suggest the ECB may continue cutting rates further.
Current Trading Level: EUR/USD is trading around $1.0829, down approximately 0.30%.
