Euro tumbles to a one-year low as US releases inflation figures
The euro continued to weaken against the US dollar, reaching its lowest level in one year after the United States released the October Consumer Price Index (CPI), which revealed an increase in inflation from the previous month. The EUR/USD pair dropped to 1.0546 at 4:52 am CET on Thursday, the lowest level seen since 1 November 2023. Firming US inflation, along with Trump's recent election victory, has weighed heavily on the euro, causing a 5.7% decline against the dollar since the end of September.


