Euro Slips Further Against Dollar Amid Ongoing Pressures

The euro fell against a basket of global currencies in European trading on Friday, extending losses against the US dollar for a second consecutive day and moving further away from a two-week high.

This decline reflects pressure from the US side, with the world's largest currency recovering and long-term US Treasury yields rising ahead of key inflation data in the United States.

The European Central Bank raised interest rates for the second time this year, taking them to their highest level since March 2025, in a move reflecting growing concerns about persistent inflationary pressures.