# EUR/USD Euro Heads for Longest Weekly Slide Since February on ECB Rate Bets - Bloomberg

> The euro was heading for its longest weekly losing streak against the dollar since February, near $1.08. Growing expectations of a half-point ECB rate cut in December and signs of euro zone weakness drove the decline.

- Date: 2024-10-25 · published 2024-10-25T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/28070-eur-usd-euro-heads-for-longest-weekly-slide-since-february-on-ecb-rate-bets
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker euro makes dollar-priced commodities relatively more expensive for European buyers, while a firmer dollar can pressure US export competitiveness for feed grains.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-10-25/eur-usd-euro-heads-for-longest-weekly-slide-since-february-on-ecb-rate-bets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.