Euro slips amid ECB rate cut expectations and economic outlook concern

The Euro started the week downward at $1.085, marking its fourth straight week of losses and staying near its lowest point in two and a half months.

Euro slips amid ECB rate cut expectations and economic outlook concerns

Traders are anticipating further monetary easing from the European Central Bank (ECB), with expectations of a 25bps cut to the deposit rate in December. However, there's a growing chance—around 30%—of a more considerable 50bps reduction. Last week, the ECB made its third rate cut this year, citing better inflation control but worsening economic prospects for the eurozone.

Lagarde signals weaker outlook; Eurozone PMIs to reveal October performance

ECB President Christine Lagarde's comments signal a weaker economic outlook. Preliminary Eurozone PMIs due this week will offer an early look at the bloc's financial performance in October.