The Euro (EUR) reverses sharply against the US Dollar (USD) on Thursday, snapping a two-day losing streak and climbing back above the 1.1700 mark as traders digest the European Central Bank (ECB) policy announcement and US inflation data.
The ECB maintained its key policy rates, including the Main Refinancing Rate at 2.15% and the Deposit Facility Rate at 2.00%, aligning with market expectations. The accompanying statement emphasized that inflation is currently around the 2% target, while the outlook remains “broadly unchanged.”
- The ECB now sees core inflation at 2.4% in 2025, before easing to 1.9% in 2026 and 1.8% in 2027, suggesting that underlying price pressures remain persistent in the medium term.
- On the growth front, the central bank lowered its 2026 Gross Domestic Product (GDP) projection to 1.0%, while keeping the 2027 forecast unchanged at 1.3%, signaling a more cautious stance on the recovery.
- Policymakers reaffirmed that future interest rate decisions will be data-dependent, based on the evolving inflation outlook, underlying dynamics, and incoming macroeconomic and financial data.
In the US, the August Consumer Price Index (CPI) data came in broadly in line with expectations, though the monthly headline figure ticked higher. Headline CPI rose 0.4% MoM, up from July’s 0.2% and slightly above the 0.3% consensus. On a yearly basis, headline inflation held steady at 2.9%, matching forecasts. Core CPI, which strips out food and energy, held steady at 0.3% MoM and 3.1% YoY, matching forecasts.
While the data showed no reacceleration in core inflation, the firmer headline reading suggests price pressures remain sticky. Markets reacted calmly to the report, with Federal Reserve (Fed) interest rate-cut expectations firming slightly. According to CME’s FedWatch tool, the odds of a 25 basis point rate cut in December rose to 94%, up from 90% before the release. Traders also continue to fully price in three Fed rate cuts by the end of 2025.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.02% | 0.05% | 0.30% | 0.05% | 0.16% | 0.06% | -0.03% | |
| EUR | 0.02% | 0.05% | 0.19% | 0.07% | 0.13% | 0.12% | -0.05% | |
| GBP | -0.05% | -0.05% | 0.14% | -0.00% | 0.02% | 0.07% | -0.09% | |
| JPY | -0.30% | -0.19% | -0.14% | -0.18% | -0.10% | -0.09% | -0.25% | |
| CAD | -0.05% | -0.07% | 0.00% | 0.18% | -0.03% | 0.06% | -0.08% | |
| AUD | -0.16% | -0.13% | -0.02% | 0.10% | 0.03% | -0.01% | -0.18% | |
| NZD | -0.06% | -0.12% | -0.07% | 0.09% | -0.06% | 0.01% | -0.18% | |
| CHF | 0.03% | 0.05% | 0.09% | 0.25% | 0.08% | 0.18% | 0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
作者：Vishal Chaturvedi，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()