#fed-easing

#fed-easing

The euro has recorded two consecutive sessions of recovery, pushing the EURUSD exchange rate to around 1.166, as market sentiment improves on expectations that the U.S. Federal Reserve (Fed) will accelerate its pace of interest rate cuts in upcoming meetings. Capital outflows from the U.S. dollar - which had strengthened sharply during the recent risk-off phase - are providing room for the euro to rebound, even though the fundamental backdrop for the common currency remains fragile.