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2025-10-24 15:15:05
[The euro is under downward pressure against the US dollar, and attention is paid to key data from Europe and the United States] ⑴The euro fell slightly against the US dollar on Friday and is now trading above the 1.1600 mark. The cumulative decline this week is 0.4%. ⑵Traders are awaiting the preliminary value of the Eurozone's October HCOB Purchasing Managers' Index and the US CPI data. ⑶The euro continued to be under pressure this week. ⑷Trump declared on social media that trade negotiations with Canada "have ended", triggering new trade frictions. ⑸The market focus has shifted to Eurozone business activity data, which is expected to show a mild slowdown. ⑹The US CPI is the first key economic data since the government shutdown for four weeks, and inflation is expected to accelerate in September. ⑺But the data is unlikely to change the market's expectations that the Federal Reserve will cut interest rates by 25 basis points next week.
