The dollar weakened due to concerns about the U.S. economy. Data indicated slow growth and inflation worries. The euro remained steady before the European Central Bank’s expected rate cut. Investors are awaiting U.S. payrolls data. Trade tensions and potential Federal Reserve rate cuts are also impacting markets. The ECB is likely to cut rates to support the Eurozone economy.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets