The euro is on course for its longest weekly slide against the dollar in eight months, pressured by growing expectations that the European Central Bank may deliver a half-point interest-rate cut in December.
The common currency is poised for its fourth straight week of losses, a decline last seen in February, taking it down to around $1.08. Signs of economic weakness in the euro zone are boosting the chances of the ECB’s policy easing becoming more aggressive, just as the Federal Reserve may slow the pace of its rate cuts.
