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17 Sep 2024

Euro hits two-week high thanks to U.S. interest rate bets

The euro rose in the European market on Tuesday against a basket of global currencies, continuing its gains for the second consecutive day against the U.S. dollar, reaching a two-week high. This was driven by increasing bets on a 50 basis point cut in U.S. interest rates, boosting hopes of narrowing the interest rate gap between Europe and the United States

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