Fed Hawks Send Euro Tumbling
The big story today was the Euro taking a hit against the US Dollar, slipping to near one-month lows, which was pretty wild considering it's been holding its own lately. If you were watching EUR/USD, you'd have noticed it was down around 0.91% on the day, and honestly, it wasn't a huge surprise given the hawkish Fed expectations that have been building. Societe Generale economists pointed out that Eurozone 2026 GDP forecasts have been cut more than US projections, which reinforces the US outperformance. And let's be real, when the Fed is talking tough, the Euro usually takes a hit.
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