Euro Extends Losses After ECB Keeps Rates Steady

Dow Jones

07/23

1235 GMT - The euro falls to a nine-day low against the dollar after the European Central Bank left interest rates unchanged, as expected, but refrained from any hints about further rate rises. The ECB said uncertainty remains high and the full inflationary impact of the energy price shock stemming from the U.S.-Iran conflict is yet to play out. It reiterated a "dependent and meeting-by-meeting approach" to its decisions. The euro falls to a low of $1.1380, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 23, 2026 08:35 ET (12:35 GMT)

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The ECB said uncertainty remains high and the full inflationary impact of the energy price shock stemming from the U.S.-Iran conflict is yet to play out. It reiterated a \"dependent and meeting-by-meeting approach\" to its decisions. The euro falls to a low of $1.1380, LSEG data show. 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The ECB said uncertainty remains high and the full inflationary impact of the energy price shock stemming from the U.S.-Iran conflict is yet to play out. It reiterated a \"dependent and meeting-by-meeting approach\" to its decisions. The euro falls to a low of $1.1380, LSEG data show.  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The ECB said uncertainty remains high and the full inflationary impact of the energy price shock stemming from the U.S.-Iran conflict is yet to play out. It reiterated a \"dependent and meeting-by-meeting approach\" to its decisions. The euro falls to a low of $1.1380, LSEG data show. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2026 08:35 ET (12:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}