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.
UK GDP grew 0.2% in September, beating the 0.0% forecast, with services and industrial output also exceeding expectations.
A sector-by-sector look at the data:
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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.