Euro falls to two-year low after soft PMI data
Federaţia Rusă
TOKYO :The euro plunged to a two-year low on Friday after data showed a tumble in euro zone business activity, and caused markets to up bets on ECB rate cuts, while bitcoin hit a record high just shy of $100,000. The common currency dipped over 1 per cent at one point to its lowest level since November 2022, and was last down 0.6 per cent on the day at $1.0412 after the data, which showed the bloc's dominant services industry contracted and manufacturing had sunk deeper into recession. Markets
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