The Euro rose with the opening of the European market on Thursday against a basket of global currencies, as it paused after a wave of significant losses over the past three days, stabilizing above its lowest level in three and a half months against the U.S. dollar. This recovery comes amid relatively active buying at cheaper levels.
This movement precedes the release of key sector data for Europe in October, which will provide strong insights into the health of the European economy in the final quarter of the year, offering new pricing expectations regarding the possibility of an interest rate cut by the European Central Bank in December
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