The euro experienced slight downward pressure, dipping just below $1.16. This movement occurs as investors are keenly awaiting upcoming economic data releases from both the United States and major European economies. The releases will likely provide further insights into the trajectory of global monetary policy. Sentiment toward the US dollar provided a slight buffer, buoyed by optimism related to potential advancements in US-China trade negotiations.
- The euro edged slightly below $1.16.
- Investors await delayed US inflation data.
- Investors await preliminary PMI readings from major European economies.
- The US dollar found modest support from renewed optimism over US–China trade relations.
- The European Central Bank is not expected to begin easing until July 2026.
The slight depreciation of the Euro is happening amidst a complex global economic landscape. Developments in other major economies, particularly the United States and the United Kingdom, are influencing investor sentiment and currency valuations. The differing expected timelines for monetary policy easing by central banks is creating a divergence that is affecting the Euro’s position relative to other currencies, specifically the US dollar.