Euro in selloff mode
The euro endured a sharp selloff in September, which persisted on Monday due to new indications of economic challenges in Europe. Experts caution that the euro might reach parity with the dollar in the coming months, given the prolonged higher U.S. interest rates.
EUR/USD dropped by 0.79% to $1.0487 after reports revealed that manufacturing activity in the Eurozone continued to contract significantly.
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