January 27, 2024 – Written by David Woodsmith
STORY LINK Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets
The choppy trend in currency markets continued in European trading on Friday with the Euro recovering from fresh 6-week lows to trade higher on the day.
Stronger equities and hopes for concerted interest rate cuts this year helped support the Euro in global markets with the dollar unable to capitalise on evidence of firm US growth.
The Euro to Dollar (EUR/USD) exchange rate rallied from lows just below 1.0815 to trade…
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