empty
 
 

27.04.202607:38:33UTC+00Euro Steadies Above $1.17 Ahead of Key Economic Data

The euro climbed back above $1.17, rebounding from the two-week lows hit last week, as investors look ahead to a packed calendar of economic data and global rate decisions. Key releases include Eurozone inflation and GDP figures. Inflation in the bloc is forecast to rise to 2.9% in April, its highest level since December 2023, driven largely by higher energy prices linked to the conflict in the Middle East.

Against this backdrop, the European Central Bank is widely expected to leave interest rates unchanged at its meeting on Thursday, opting for a wait-and-see stance amid shifting macroeconomic and geopolitical conditions. Market pricing still points to two quarter-point rate increases in 2026, with the possibility of a third by year-end.

On the geopolitical front, reports suggest that Iran has submitted a new proposal to the United States aimed at reopening the Strait of Hormuz. This follows US President Donald Trump’s announcement over the weekend that he had canceled a planned trip by US envoys to Pakistan for talks with Iran.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback