
- EUR/USD declines below a two-year low of 1.0330 as the US Dollar gains further.
- The USD gains as the Fed has guided fewer rate cuts in 2025.
- Investors expect the ECB to cut interest rates steadily by 25 bps in each meeting till June.
EUR/USD declines to near 1.0310 on the first trading day of the year, the lowest level seen in more than two years. The major currency pair weakens as the US Dollar (USD) extends its upside, with the Dollar Index (DXY) rising above 108.80, as the United States (US) Initial Jobless Claims for the week ending December 27 have
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