EUR/USD Rallies on Bets of Faster, Deeper Fed Rate Cuts Amid Weakening US Data
- EUR/USD hits new December high as markets bet on Fed rate cuts
- US economic data continues softening, fueling bets of faster, deeper Fed cuts
- EUR shrugs off EU cracks and recession signs to gain on rate cut bets
- Declining US data accelerates bets of earlier, deeper Fed rate cut cycle
- EUR/USD technicals show overbought conditions after 6.5% rally