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Euro under pressure as Federal Reserve's hawkish signals weigh down

2026-10-08 15:22:46

According to Gate market data, the Euro remained stable during the European trading session on Thursday, after a significant drop earlier in the week. Officials from the European Central Bank and the Bank of England will give speeches, and the European Central Bank will release the minutes from the September meeting. The United States will announce initial jobless claims and August wholesale inventory data. The Euro fell more than 0.5% against the US Dollar, approaching a 17-month low near 1.116. The Federal Reserve's September minutes indicated that most policymakers believe another rate hike may be necessary before the end of the year, focusing on inflation risks and economic resilience.

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