💱Euro/US Dollar FX Spot Rate
EURUSD
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ECB signals possible rate hike but leaves rates unchanged, causing euro to weaken against USD.
Impact on assets 1
Others
The euro weakened against the US dollar despite signals from the European Central Bank that it may raise interest rates. EUR/USD slipped 0.3% to 1.1377 after the ECB left rates unchanged, while President Lagarde acknowledged that some policymakers had called for a hike. The decline came even as the central bank's stance pointed toward future tightening.
ECB signals possible rate hike but leaves rates unchanged, causing euro to weaken against USD.