The euro flirts with 1.02 dollars – 01/13/2025 at 11:12

(AOF) – The European currency extends its downward trend and approaches parity. The euro fell 0.45% to 1.0196 dollars. The better-than-expected employment report published Friday in the United States removes the prospect of a further rate cut by the Fed. Like Bank of America, some economists even believe that it should no longer relax its monetary policy. The risk would even be that it raises its rates.

“The US rate market now only expects a further cut of 25 basis points from the Fed, with the next cut not expected before the middle of the year,” reports MUFG.