Euro's Falls Should Prove Limited After ECB Decision
Dow Jones07-23 21:42
1342 GMT - The euro is unlikely to fall much further after the European Central Bank left interest rates unchanged Thursday, says Petros Pantzari at broker Monaxa in a note. By holding rates steady, the ECB is signalling that the energy price shock hasn't yet fully passed through to broader prices, he says. "The euro may initially struggle to rally because there was no fresh [rate] hike, but downside should remain contained as [ECB President Christine] Lagarde preserves the option to tighten again." The euro falls to a three-week low of $1.1367 after the ECB's announcement, according to LSEG. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 09:42 ET (13:42 GMT)
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