German inflation slows to 2.8% in October, below forecasts
Germany's annual consumer price inflation eased to 2.8% in October from 3.3% in September, missing market expectations and weighing slightly on the euro.
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Rabobank: ECB likely to lift rates once more in December
Rabobank strategist Bas van Geffen says the ECB held rates steady but President Christine Lagarde hinted at a further hike in December, to be followed by a pause as the bank's leadership changes.
French GDP falls 0.1% in Q3, missing forecast of 0.1% growth
France's economy shrank 0.1% quarter-on-quarter in the third quarter, well below the 0.1% expansion expected and down from flat growth in Q2, adding to concerns about the eurozone's second-largest economy.
Euro zone GDP growth cools to 0.4% in Q3 as France shrinks
The euro area expanded 0.4% in the third quarter, down from 0.6% in Q2 but above the 0.2% economists had expected, Eurostat reported, while France's economy unexpectedly contracted 0.1%.
Lagarde to exit ECB top job early, on 7 February 2027
Christine Lagarde has told the ECB Governing Council and European Council President António Costa she intends to leave the central bank's presidency on 7 February 2027, triggering a hunt for her replacement.
ECB seen holding rate at 2.50% despite inflation near 3.8%
The European Central Bank is widely expected to keep its deposit rate at 2.50% on Thursday after two hikes earlier in 2026, even as eurozone inflation runs at 3.8%. The decision matters for EUR/USD, which has fallen toward 17-month lows.
Euro holds above recent floor as ECB verdict nears
EUR/USD has climbed back toward 1.1150 after revisiting its October 14 trough near 1.1100 on Wednesday, breaking a five-day losing run ahead of Thursday's European Central Bank announcement.
Fed set to hold rates steady, with eyes on Warsh over December hike odds
The US Federal Reserve is widely expected to leave its policy rate unchanged on Wednesday, with markets pricing in roughly a 9% chance of a hike. Attention shifts to Fed Chair Kevin Warsh's press conference for signals on a possible December move.
German GfK consumer sentiment edges down to -30.8 in November
Germany's GfK consumer climate index came in at -30.8 for November, slightly better than the -30.9 expected but below October's -30.6, pointing to continued weak household confidence.
Dollar index climbs near 102.40 as Fed decision looms
The US Dollar Index edged up toward 102.40 on Wednesday, close to a two-week high, as traders awaited the Federal Reserve's rate decision later in the day.