Bets on ECB Rate Cuts Surge, Bitcoin Nears $100,000 | The Opening Trade 11/22
November 22, 2024
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1:41:40Now PlayingBets on ECB Rate Cuts Surge, Bitcoin Nears $100,000 | The Opening Trade 11/22
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as posted by the channelThe euro fell to its lowest level in two years and traders ramped up bets on interest-rate cuts from the European Central Bank after gauges of business activity in the bloc’s two biggest economies contracted more than expected. The single currency fell almost 1% to $1.0375, the weakest since November 2022. The market-implied odds of a half-point rate cut next month jumped to 50%, from about 15% on Thursday. Bitcoin approaches $100,000, fueled by optimism about President-elect Donald Trump's support for crypto and potential friendly regulations.
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