The four-day weakening in the euro versus the dollar has been the biggest since February 2023. It's the ultimate summer pain trade.
the euro's summer slide is brutal - just gotta ride it out
"Most observers expect the Federal Reserve to keep US policy rates unchanged today—a decision that could result in two dissenting votes from Governors (not just regional Presidents) for the first time in more than 30 years.
There is significant interest in how the Fed Statement—and especially Chair Powell’s press conference—will frame recent economic developments, prospects, and the outlook for policy. "
---- @elerianm 
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