ECB Decision Likely Had Little Impact on Euro -- Market Talk

Dow Jones05-01 16:22

0822 GMT - The European Central Bank's decision to leave interest rates unchanged Thursday probably had little impact on the euro, ING's Chris Turner says in a note. "Given the volatility in oil markets yesterday, it has been hard to disentangle how much impact communication from the ECB has had on short-dated euro interest rates and the euro." The conclusion is probably not that much given markets still price a high chance of a June rate rise, he says. Nevertheless, the ECB sounded "tough enough" on its willingness to respond to the risk of higher inflation to protect the euro, he says. The euro rises 0.1% to $1.1738 and ING expects it to trade in a range of $1.1650$-1.1750 in the near term. (renae.dyer@wsj.com)

 

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May 01, 2026 04:22 ET (08:22 GMT)

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