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The EUR/USD exchange rate held steady on Thursday as traders reacted to the latest US consumer price index (CPI) data, rising geopolitical tensions, and the upcoming European Central Bank (ECB) interest rate decision.
A first ECB hike since Sep 2023 tightens EUR policy, while BoE is expected to stay put near-term—so relative yield support shifts toward GBP. That should strengthen GBP versus EUR and reinforce EUR/GBP downside.
Euro zone inflation unchanged at 2.2% in April, leaving path open for further ECB interest rate cuts
Euro zone inflation was unchanged at 2.2% in April, flash data from statistics agency Eurostat showed. Economists polled by Reuters had been expecting the reading to come in at 2.1% in April compared to March's 2.2%. Both the core and services inflation ...
The International Monetary Fund cut its growth forecast for the euro zone on Thursday and raised its expectation for inflation because of the U.S.-Israeli war on Iran, adding that the economic situation could worsen if high energy prices persisted.
Russia’s central bank introduced a new method for calculating the official euro-to-ruble exchange rate, the regulator announced on its website.
EUR/USD struggles near two-month lows on Thursday as traders show a muted reaction to the latest European Central Bank (ECB) interest rate decision. Meanwhile, escalating tensions in the Middle East keep risk sentiment subdued and support the US Dollar (USD),
The euro has tumbled more than 2% against the U.S. dollar since the European Union struck a framework trade deal with the White House over the weekend, raising questions over whether its massive rally this year against the greenback has run its course.
