The euro held steady at $1.14 as investors waited for new drivers.Last week, the currency fell 0.5% against the USD after weaker-than-expected US nonfarm payrolls.Gains for the euro were limited by softer Eurozone inflation and dovish remarks from ECB President Christine Lagarde, which lowered expe…
The euro held steady at $1.14 as investors waited for new drivers.
Last week, the currency fell 0.5% against the USD after weaker-than-expected US nonfarm payrolls.
Gains for the euro were limited by softer Eurozone inflation and dovish remarks from ECB President Christine Lagarde, which lowered expectations for a third rate hike this year.
Markets still anticipate a second hike, likely in September.
June data revealed headline inflation slowing to 2.8% from 3.2% in May, below forecasts, while core inflation eased to 2.4%, also missing expectations.
At the ECB’s Sintra Forum, Lagarde noted reduced risks to euro-area inflation and growth, citing lower energy price pressures from the US-Iran peace deal.
