Euro sinks to weakest since April 2025 on dollar strength
The euro fell to its weakest since April 2025 as US Treasury yields rose and the market priced in more Fed tightening.
BOJ Governor Ueda said consumer prices are around 3% and likely to keep rising, with the market split on the next move.
Ueda was speaking with IMF Managing Director Kristalina Georgieva.
Traders are nearly evenly divided on the Bank of Japan's December 18 decision, and Ueda's remarks were not a clear signal given the timing.
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The euro fell to its weakest since April 2025 as US Treasury yields rose and the market priced in more Fed tightening.
The US dollar rose as Treasury yields climbed, with EURUSD and GBPUSD hitting new lows and USDCAD rallying.
Fed's Goolsbee calls AI investment a demand stimulus, not supply boost, signalling the debate has shifted to how fast to hike.
US existing home sales fell to 3.75m in October, below the 3.85m forecast, down from 3.99m in September.