The euro fell below $1.16, its weakest level since mid-October, pressured by a stronger dollar after the Federal Reserve lowered the federal funds rate by 25 basis points, as expected. However, Chair Powell signaled that the central bank may not cut rates again this year. Meanwhile, the ECB is expected to keep borrowing costs unchanged for a third consecutive meeting on October 30th, with no further policy moves anticipated in 2025. Policymakers remain cautious amid signs of economic resilience and moderating inflation. In the Eurozone, inflation edged up to 2.2% in September from 2.0% over the previous three months, while GDP is estimated to have grown 0.1% in the third quarter, matching the pace seen in the second quarter.