0823 GMT - The euro could outperform low-yielding currencies, including the Japanese yen and Swiss franc, on expectations that the European Central Bank will raise interest rates, ING's Francesco Pesole says in a note. While markets have scaled back bets for a rate rise on April 30 since the U.S. and Iran agreed a cease-fire, 58 basis points of rises are priced in by year-end, LSEG data show. "What matters most at this stage is the stickiness of tightening expectations," Pesole says. Rate-rise pricing should remain above 50 basis points even if oil prices ease further, he says. The euro falls 0.1% to $1.1685. It drops 0.2% to 0.9230 Swiss francs but rises 0.1% to 186.12 yen. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 10, 2026 04:23 ET (08:23 GMT)
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