• EUR/USD shed another full percent as Euro fears simmer.
• European Manufacturing PMI missed the mark, implying steepening contraction expectations.
• ECB policies are expected to diverge steeply from the Fed this year.

EUR/USD dumped another full percentage point on Thursday, kicking off 2025 with its lowest prices in two years. The Euro fell below 1.0250 against the Greenback since November of 2022 and putting Fiber on pace to close for a fourth straight month in the red if things don’t improve in January.

Pan-European Manufacturing Purchasing Managers Index (PMI) survey results fell slightly in December, ticking down to 45.1