The European Central Bank (ECB) surprised many by cutting interest rates for the eighth time since May 2024. This cut has reduced the main refinancing rate from 2.40% to 2.15%. As a result, EUR/USD spiked to 1.5-month highs as traders reacted to the news. This move indicates a shift in monetary policy, and experts believe it may influence Euro trading dramatically in the near future. Investors should pay attention to how this adjustment affects the Euro in relation to the US Dollar moving forward.