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Forex

EUR/USD Hits Two-Month Low Amid Rising Rate Hike Bets

Guavy AI Editorial Team
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EUR USD
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The EUR/USD pair has hit a two-month low, trading below $1.1400, as it continues its downward trend for the third consecutive day.

Despite some support from the US Dollar's brief pause in its recent upward momentum, the shared currency remains under pressure due to ongoing geopolitical uncertainties and rising US Federal Reserve rate hike bets.

The EUR/USD pair is also impacted by political instability in Germany, which has weakened the Eurozone economy, making it more attractive for investors to seek safer havens elsewhere.

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