The Euro to US Dollar exchange rate is influenced by European Central Bank and Federal Reserve policy, together with changes in the interest-rate gap between the two currencies. Eurozone interest-rate expectations, Eurozone inflation and growth and PMI data can affect the Euro, while US interest-rate expectations, US inflation and labour-market data can move the US Dollar.
EUR/USD ended the latest session little changed at 1.1599. The pair is broadly flat over the past week but has ticked 0.61% higher over the past month.
ECB President Lagarde speech kept the Euro interest-rate outlook in focus and inflation MoM matched expectations at 0.4%.
Next up are Eurozone zEW Economic Sentiment Index on Tuesday at 10:00 UK time and Eurozone ECB President Lagarde speech on Monday at 16:15 UK time, which could set the direction for EUR/USD when markets reopen.
Mid-market reference rate. Customer rates normally include provider margins and fees. How our rates work.
