Totally bogus reporting!
All of this was set in motion a month ago by a significant jump in UK and European inflation, which preceded any action by the new Prime Minister.
The value of the Euro against the US Dollar has crashed just as much as the UK Pound crashed.
The Bank of England, just like the European Central Bank, raised interest rates to fight inflation - NOT to protect the value of the Euro and the Pound versus the US Dollar.
The ECB and the Bank of England have been printing massive amounts of new money, just like the US Treasury, since the Covid crisis began in 2020.
The Truss tax cut would amount to a tiny fraction of that massive money printing.
Truss is a political weakling and a financial ignoramus!