The euro remained steady just above $1.14 as focus shifts to the European Central Bank’s policy meeting on Thursday.After June’s rate hike, the first in three years, policymakers are expected to maintain rates and adopt a cautious stance.Yet, markets still anticipate two additional ECB rate increas…
The euro remained steady just above $1.14 as focus shifts to the European Central Bank’s policy meeting on Thursday.
After June’s rate hike, the first in three years, policymakers are expected to maintain rates and adopt a cautious stance.
Yet, markets still anticipate two additional ECB rate increases by early 2027, driven by rising crude prices, with the first potentially arriving in September.
Meanwhile, investors are watching for a possible resumption of US-Iran peace talks following recent escalations.
Ongoing Middle East tensions have raised concerns about oil supply disruptions, which could create inflationary pressures in Europe as a net energy importer, potentially pushing bond yields higher.
