💱Euro/US Dollar FX Spot Rate
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Softer German inflation reduces ECB rate hike expectations, weakening the euro.
Impact on assets 1
Others
The euro fell to near 1.1410 against the US dollar in early Asian trading on Wednesday, pressured by receding expectations for aggressive tightening by the European Central Bank. The decline came after softer German inflation data reduced bets on further ECB rate hikes.
Softer German inflation reduces ECB rate hike expectations, weakening the euro.