EUR/USD DROPS TO 26-MONTH LOW; PARITY EXPECTED IN 2025 AMID ECB RATE CUTS

Tina Collins

03 Jan 2025 — 1 min read

EUR/USD DROPS TO 26-MONTH LOW; PARITY EXPECTED IN 2025 AMID ECB RATE CUTS

EUR/USD falls 0.8% on the first trading day of 2025, hitting a 26-month low of 1.0250.

Euro sentiment remains bearish, worsened by missed European PMI data and dovish comments from ECB's Yannis Stournaras.

ECB plans steady interest rate cuts, possibly reaching 2% by year-end.

Federal Reserve to cut rates at a slower pace, widening the interest rate differential between the USD and Euro.

Analysts predict EUR/USD parity with the US Dollar in 2025 due to these factors.

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BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY

GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS

Surprise Fed Statements: March Could See Interest Rate Cut

LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES