India, Jan. 29 -- The euro weakened against other major currencies in the European session on Wednesday, as traders speculate that the European Central Bank (ECB) will cut its deposit rate in the policy meeting tomorrow.
The European Central Bank's policy announcement is due on Thursday. The bank is likely to lower the rate by 25 basis points to 2.75 percent.
Investors look ahead to the Federal Reserve's monetary policy announcement due later in the day.
The U.S. central bank is widely expected to leave interest rates unchanged, but traders will pay close attention to the accompanying statement for clues about the outlook for rates.
Amid concerns that the United States' (US) implementation of tariffs on the Eurozone will impair its econ...