The European Central Bank left interest rates unchanged Thursday amid uncertainty about how volatile energy prices will affect inflation. The central bank for the 21 countries that use the euro currency left its benchmark rate unchanged at 2.25% following a quarter-point hike at its previous meeting June 11. Analysts say the bank may simply be taking a pause to gather more information amid swings in oil prices, which fell after announcement of a ceasefire but then rose again when the ceasefire agreement collapsed and fighting resumed.
The ECB is likely to hold rates steady today, and avoid premature signals on September policy as energy risks, Iran tensions and a weaker euro keep inflation uncertainty alive.
The ECB rate decision and strong U.S. data keep forex markets on edge. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
Interest rates in America continue to put bearish pressure on some currencies.
Fed and ECB policy meetings headline the week as DXY holds its uptrend. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
Rising demand for safe-haven assets provided support to the American currency.
Europe's household debt map reveals a surprising north-south divide. Discover the latest Eurostat figures and the 10 most indebted countries.View on euronews
Strong U.S. data and rising inflation risks support the dollar as traders reassess Fed rate cuts. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
Strong U.S. retail sales and resilient jobless claims reinforce the Fed’s cautious stance. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
The American currency gains ground, supported by rising Treasury yields.
The key risk for euro bulls is that a prolonged energy shock eventually shifts the market’s focus away from higher interest rates and back toward recession risks.
The US dollar is choppy overall in early trading on Thursday, as markets try to determine their next move.
U.S. retail sales and jobless claims could reshape Fed rate expectations. See the latest outlook for DXY, EUR/USD and GBP/USD.
The American currency pulled back as PPI report missed analyst estimates.
US Dollar Price Forecast: Cooling Inflation Challenges DXY – Are GBP/USD and EUR/USD Ready to Rally?
Softer U.S. inflation reshapes Fed expectations as DXY consolidates below $101.22. See the latest outlook for EUR/USD and GBP/USD.
Meta: US dollar remains supported by hawkish Federal Reserve expectations, with traders focused on US CPI data and Fed commentary for the next directional move.
With the strikes over the weekend in Iran, it’s not a surprise to see choppy action to start the week in the currency markets.
With strong U.S. fundamentals, fiscal deficits, and reserve-currency status, the Dollar responded to FOMC minutes amid shifting risk sentiment. DXY held steady at $101.07, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.3388. Full technical analysis inside.
The US Dollar remained firm amid sticky core inflation and monetary policy divergence. DXY held at $100.79 inside a blue ascending channel while EUR/USD held $1.1440 support and GBP/USD defended $1.3422 resistance zone. Technical setups and trade ideas inside.
The ECB plans a potential full launch of digital euro in 2029.