Euro Stays Steady Ahead of US Inflation and ECB Rate Decision

The Euro remains steady against the US Dollar ahead of key economic releases and an anticipated interest rate hike by the European Central Bank (ECB).

Recent U.S. labor market figures have contributed to a more hawkish repricing of Federal Reserve expectations, with traders now assigning nearly a 60% probability to an additional rate hike this month.

The ECB is widely expected to raise its deposit rate to 2.50% on Thursday, which would mark the second rate increase this year following the move in June and a subsequent pause in July.