10 November 2025, 12:32 Euro Zone: EUR Strengthens Toward $1.16
The euro extended its gains toward the $1.16 level, hovering near its strongest point since late October, as investors anticipate a busy week of remarks from European Central Bank and Federal Reserve officials for further guidance on monetary policy. The ECB is widely expected to maintain interest rates for the foreseeable future, supported by a resilient economy and inflation tracking near target. Money markets currently assign only a 45% probability of a rate cut by September 2026. Several ECB officials have recently emphasized caution: Fran
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