The euro held near early-Thursday European-session lows after steep midweek losses as officials from the European Central Bank (ECB) and Bank of England (BoE) prepare to speak and the ECB publishes its September meeting minutes later in the day. U.S. initial jobless claims and August wholesale inventories are also due. A widening French-German sovereign yield spread and growing market doubts about the ECB's ability to tighten further weighed on the currency: EUR/USD fell more than 0.5% toward a

2026-10-08

The euro held near early-Thursday European-session lows after steep midweek losses as officials from the European Central Bank (ECB) and Bank of England (BoE) prepare to speak and the ECB publishes its September meeting minutes later in the day. U.S. initial jobless claims and August wholesale inventories are also due. A widening French-German sovereign yield spread and growing market doubts about the ECB's ability to tighten further weighed on the currency: EUR/USD fell more than 0.5% toward a 17-month low near 1.1160, EUR/JPY was down about 0.6%, and EUR/GBP logged a ninth straight session of losses. The Federal Reserve's September minutes showed a majority of policymakers said another rate hike may still be needed before year-end and highlighted rising concerns about upside inflation risks, economic resilience, and strong AI-driven investment that could add demand-side pressure.