Mumbai, Nov. 3 -- Euro extended losses, falling to three-month low against the US dollar. The single currency has endured sustained weakness after the European Central Bank kept its key interest rates unchanged for a third policy meeting in a row. The Governing Council, led by ECB President Christine Lagarde, held the deposit rate steady at 2.00 percent. Eurozone manufacturing purchasing managers index or PMI data is due now and further clarity will emerge about the near-term economic prospects for the region once it is out. Data out on Friday showed that Euro area annual inflation is expected to be 2.1% in October 2025, down from 2.2% in September. However, services inflation is expected to have the highest annual rate in October (3.4%, ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.