ECB is expected to raise the policy rate 25bp to 2.50% today and signal further tightening. Rising oil on escalating US-Iran tensions ahead of the meeting has reinforced hawkish expectations. Futures now price another 25bp move in October or December. EUR/USD hit 1.1654 on Wednesday and traded around 1.1630-1.1641 on Thursday.

2026-09-10

ECB is expected to raise the policy rate 25bp to 2.50% today and signal further tightening. Rising oil on escalating US-Iran tensions ahead of the meeting has reinforced hawkish expectations. Futures now price another 25bp move in October or December. EUR/USD hit 1.1654 on Wednesday and traded around 1.1630-1.1641 on Thursday.

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India has launched an online platform to connect domestic exporters with US buyers as New Delhi aims to lift bilateral trade to $500 billion by the end of the decade. The move comes amid ongoing India-US trade negotiations, whose broad framework was agreed earlier this year. Despite punitive tariffs under the Trump administration and India’s efforts to diversify export markets, the US remains a primary destination for Indian exports. India’s Consul General in New York, Binaya Pradhan, said the p