The Euro has weakened as the Dollar recoups some of Wednesday's losses, despite eurozone producer prices rising 11.1% year-on-year in September. European Central Bank (ECB) President Lagarde said incoming data between now and December will determine a rate hike. After climbing to just below 1.1300 on Wednesday, its strongest level since early October, EUR/USD now trades marginally above 1.1200. Speaking in Milan, ECB President Lagarde attributed most of October's eurozone inflation to energy, after the rate hit a three-year high of 4%. While cautioning against wielding the interest-rate tool like a hammer, she said the ECB must still use it to prevent expectations from spiralling.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.