ECB Rate Rise Speculation Unlikely to Offer Much Respite to Euro -- Market Talk
Dow Jones03-23
0845 GMT - The euro is at risk of falling further despite speculation that the European Central Bank could raise interest rates in April, ING's Francesco Pesole says in a note. With oil prices elevated on the Middle East conflict, risk sentiment unstable and markets already pricing in three ECB rate rises by year-end, the risks for the euro look "skewed to the downside," he says. If the euro falls back to $1.1450, it would confirm the single currency is not finding much support from tighter U.S.-eurozone rate differentials, he says. Higher energy prices could prove detrimental to the eurozone economy as an energy importer. The euro falls 0.3% to $1.1529. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 04:45 ET (08:45 GMT)
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