Market Analysis Market wrap: Euro strengthens as traders pile on rate cut bets
The euro jumped on Friday to leave it trading at its best week of the year as traders began betting the Federal Reserve and the European Central Bank will cut rates at the same time. The euro is up more than 1 per cent against the dollar this week, trading at $1.0947 by close of European markets. It received a boost after a mixed report from the US on Friday escalated anticipation of a rate ...