The euro continued to weaken against the US dollar ahead of the crucial European Central Bank (ECB) interest rate decision, set to be announced later today. The EUR/USD pair has fallen by 3% from its September high of over 1.12, settling in the mid-1.18 range during the Asian session on Thursday. Markets widely expect the ECB to lower its interest rate by a further 0.25%, bringing the deposit rate down to 3.25%. However, if the ECB adopts a more hawkish tone than expected, this could trigger a rebound in the euro, as markets have already reacted to the anticipated third rate cut. Related Will …