
Euro Rises After ECB’s Latest Rate Cut, Markets Expect Pause
The euro rallied as the European Central Bank delivered its eighth rate cut in a year, lowering the deposit rate to a “neutral” 2.00%. With markets now expecting a pause and ECB officials offering mixed signals, investors are preparing for a possibly final cut in September. Forex traders are bracing for renewed volatility as inflation and economic data steer policy decisions into Q3.