Euro Could Fall Even if ECB Signals Rate Rise

Dow Jones
07/23

0816 GMT - The European Central Bank could signal a possible September interest-rate rise through a media leak after Thursday's meeting, but this is unlikely to prevent the euro from falling in coming days, ING's Francesco Pesole says in a note. ING's near-term bias for the euro remains "titled to the downside" as currency markets appear "dangerously complacent" about the escalating Middle East conflict, he says. "Unless the newsflow becomes more constructive, we look for the euro to slip towards $1.1380 in the coming days." The euro rises 0.1% to $1.1423. The ECB announces its policy decision at 1215 GMT and is expected to leave rates unchanged but markets price a 90% chance of a rate rise in September, LSEG data show. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 23, 2026 04:16 ET (08:16 GMT)

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