The Euro weakens toward 1.1350 after the ECB holds rates steady but signals potential future hikes.
US Treasury yields rose as the Dollar Index maintained strength above 101, reflecting investor sentiment ahead of key economic data. The Euro dipped below 1.14, extending losses toward a near-term target of 1.1350-1.13.
The European Central Bank left interest rates unchanged yesterday but indicated room for future hikes, contrasting with market expectations. The Euro’s decline follows its recent trend, with traders assessing the ECB’s policy stance against broader macroeconomic conditions.
Currency markets showed limited immediate reaction, though the Dollar’s resilience suggests continued demand for safe-haven assets amid global uncertainty.