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Euro declines against US dollar due to ECB rate cut expectations and weak eurozone PMI data.
The euro declined against the US dollar on Monday, influenced by weak eurozone business activity data and expectations of interest rate cuts from the European Central Bank (ECB).
The eurozone's PMI fell to 48.9, signaling contraction, while US business activity remained stable.
Analysts predict further euro depreciation, with potential ECB cuts looming.
In contrast, US economic indicators suggest a steady outlook, bolstering the dollar's strength.
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El euro disminuye en relación con el dólar estadounidense debido a las expectativas de reducción de los tipos de cambio del BCE y a la debilidad de los datos del PMI de la eurozona.