euro

Markets price 93% chance of ECB rate hike on Sept. 10

Markets are pricing a roughly 93% probability that the European Central Bank will raise interest rates by 25 basis points at its September 10 meeting, a move that would lift the deposit rate to 2.50% and mark the second hike…

Markets price in ECB rate hike for September as inflation pressures build

Financial markets are now broadly pricing in a 25 basis point rate increase from the European Central Bank at its September 10 meeting, which would bring the deposit rate to 2.50%. The euro traded in a narrow range on Thursday,…

Euro trades near 2-month highs as ECB rate hike looms

The euro has been trading around $1.15 in August, hovering near two-month highs, after the eurozone economy posted its strongest quarterly expansion since early 2025 and markets increasingly priced in another rate hike from the European Central Bank in September.

Euro weakens as US-Iran stalemate lifts oil prices

The Euro slid against major currencies on Tuesday as the collapse of momentum in US-Iran peace negotiations sent oil prices higher, compounding inflationary pressures on energy-dependent Eurozone economies and raising the prospect of further interest rate increases from the European…

Euro hits seven-week high as dollar weakens on fading Fed hike bets

The euro climbed for a fifth consecutive session on Monday, reaching its highest level against the US dollar since June 17, as markets continued to pare back expectations for further Federal Reserve tightening. EUR/USD traded near the mid-1.1500s during Asian…

Euro holds steady as new US tariffs and dueling PMI data collide

The euro held steady near 1.1380 against the dollar on Friday as competing forces kept EUR/USD range-bound — stronger-than-expected Eurozone purchasing managers' data and a hawkish European Central Bank rate hold on one side, and a surging US composite PMI…

Euro sinks near multi-month lows as Fed hawks widen yield gap over ECB

The euro is treading water near $1.14 against the dollar, its weakest level since mid-March, as a hawkish Federal Reserve under new Chair Kevin Warsh continues to outpace the European Central Bank in tightening expectations, keeping the greenback's yield advantage…

Euro slides as French inflation data bolsters ECB pause case

The euro drifted lower on Friday as final French inflation data for June confirmed a sharp deceleration, reinforcing expectations that the European Central Bank will hold rates steady at its July 22 meeting. EUR/USD eased to around 1.143, according to…

Euro snaps two-week slide as weak US jobs data weighs on dollar

The euro edged higher on Friday, extending gains for a second consecutive session and positioning itself to end a two-week losing streak against the dollar, after a sharply disappointing U.S. jobs report dampened expectations for near-term Federal Reserve tightening. However,…

Euro drops to lowest level since mid-2025 as US inflation hits 4.1%

The euro slid to its weakest point against the US dollar in over a year on Wednesday, touching 1.1329 before stabilizing near 1.1342 on Thursday after fresh inflation data confirmed the Federal Reserve's hawkish stance remains warranted. The EUR/USD pair…

Euro slides as US-Iran sanctions waiver and cautious Lagarde weigh on currency

The euro weakened against the U.S. dollar on Tuesday as diplomatic breakthroughs between the United States and Iran eased geopolitical tensions and pushed oil prices lower, while European Central Bank President Christine Lagarde's measured tone on monetary policy weighed further…

Lagarde calls capital markets union key to euro’s global reserve status

European Central Bank President Christine Lagarde told lawmakers in Brussels on Monday that the euro will not become a global reserve currency "overnight," calling the completion of the capital markets union the single most important step toward strengthening the single…