BREAKING: Euro Weakens Following Lagarde's Address to European Parliament

The euro experienced a decline after European Central Bank President Christine Lagarde delivered a speech to the Committee on Economic and Monetary Affairs in the European Parliament. In her address, Lagarde presented a mixed economic outlook:

While some survey indicators suggest headwinds for economic recovery, the ECB expects the recovery to strengthen over time.
The labor market remains resilient despite challenges.
The ECB is confident that inflation will return to its target, although a temporary increase is anticipated in Q4.

This could fuel speculation that the ECB may accelerate the pace and deepen the level of rate cuts. The speech also comes after lower than expected inflation data from Germany and Italy, hence confirming dovish sentiment.

26 August 2026, 1:58 PM

BREAKING: US Q2 GDP Deflator Revised Up to 6.4% as July Real Consumer Spending Stagnates

26 August 2026, 7:36 AM

Economic calendar 🗽 Wall Street holds its breath: US PCE data and Nvidia earnings in focus

25 August 2026, 6:59 PM

Daily Summary: Wall Street catches breath on lower yields and oil; crypto and FX volatility drops (25.08.2026)

25 August 2026, 6:13 PM

Canada fires back at USA with 50% tariffs! USDCAD erases all gains!

Forex

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