EURUSD deepens decline to 1.08 amid ECB Lagarde speech 📉

ECB chair, Christine Lagarde, remarks:

I hope that inflation will be back at target sooner than projected; inflation numbers are relatively reassuring and disinflation is on the right track
We can't jump to the conclusion that it's a done deal. Also, it doesn't mean that we will do 25 (rate cut) every time
Not all inflation components need to be at 2%, but as for now rates will be restrictive as long as it's necessary
Pace of rate cuts to be determined, wage growth starting to abate now

The market clearly sees the US economy at much better condition, than European countries. Also today, the IMF revised to the upside US GDP growth in 2025 to 2.2% YoY, while cutting growth forecasts for Germany both for 2024 and 2025. Now IMF expects German economy to stagnate this year, vs 0.2% YoY growth forecasted previously.

EURUSD (M5, D1)

EURUSD weakened amid pressure from US dollar. Also, Fed Richmond Index came in stronger than expected at -14 vs -17 exp. and -21 previously. Industrial Richmond Fed measures came in -8 in October vs -18 in September, while industrial services rose to 3 vs 1 a month before.

Source: xStation5

Source: xStation5

8 January 2026, 6:57 PM

Daily summary: exceptionally low US trade deficit; dollar remains strong 📌

8 January 2026, 5:10 PM

NY Fed Survey: higher inflation expectations, but also higher equity price expectations 📄🔎

8 January 2026, 1:31 PM

BREAKING: EURUSD reacts to US jobless claims & labor costs data 🗽

8 January 2026, 10:20 AM

BREAKING: PPI in Eurozone higher than expected, unemployment falls

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

EURUSD deepens decline to 1.08 amid ECB Lagarde speech 📉

EURUSD (M5, D1)

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