Euro little changed after ECB minutes

Open account Download free app

Minutes from the ECB September meeting have just been released however provided no new information. Below we present some key takeaways:

All members agreed persistently favored financing conditions along with somewhat improved medium-term outlook allowed to scale back PEPP purchases
A significant improvement in the assessment for the inflation outlook over the course of the year was acknowledged.
Near-term increase in inflation largely driven by temporary factors that would fade in the medium-term and not call for policy tightening
Even without PEPP, a point was made that overall monetary policy stance remains highly accommodative
A concern was expressed that slower pace of PEPP purchases might induce market perceptions of tighter-than-expected policy
An argument was made that markets were already expecting an end to PEPP purchases in March next year.

EURUSD saw a relatively small reaction to today’s ECB Minutes release. The most popular currency pair continued to trade around resistance 1.1564 which is strengthened by 50 SMA (red line). Source: xStation5

23 January 2026, 7:36 AM

Economic calendar: PMI from Europe and the US in the spotlight (23.01.2026)

22 January 2026, 6:56 PM

Daily summary: Wall Street, precious metals and EURUSD surge📈Bitcoin under pressure

22 January 2026, 7:30 AM

Economic calendar: Key U.S. data to shift focus from geopolitics (22.01.2026)

21 January 2026, 12:44 PM

Market Wrap: Wall Street and Europe lose ground; markets await Trump in Davos🛣️

Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

Euro little changed after ECB minutes

Join over 2 000 000 XTB Group Clients from around the world