The euro faces pressure against the dollar as investors anticipate further interest rate cuts by the ECB, amid controlled inflation and economic sluggishness.
As inflation in the Eurozone dips below the 2% target and with Germany's economy lagging, expectations for additional stimulus from the ECB are reinforced.
Political uncertainty in France and declining public finances are contributing to the euro's weakness, alongside the pressure on government bond yields throughout Europe.
The strength of the dollar is driven by high inflation and a stable labor market, prompting the Fed to take a less dovish stance going forward.
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