EURUSD hits 4-week low as ECB flags further easing

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The euro dropped to a four-week low against the U.S. dollar on Thursday, after the European Central Bank president flagged further monetary easing in December as the rising COVID-19 cases and new restrictive measures have led to a "clear deterioration" in the bloc's near-term outlook and risks are "clearly" tilted to the downside. Lagarde believes that third-quarter economic growth data might be better than expected, however expects this quarter to be weak, with a "very negative" November. Euro was already trading under pressure as investors worried that new lockdown measures will hamper region's economic recovery.

EURUSD decreased to a 4-week low of 1.1657. Should downbeat moods prevail, support at 1.1615 may come into play. Source: xStation5

5 February 2026, 7:05 PM

Daily summary: Red dominates on both sides of Atlantic

5 February 2026, 1:18 PM

BREAKING: ECB maintains rates in line with expectations!💶

5 February 2026, 12:02 PM

BREAKING: Bank of England holds rates as expected 📌 GBPUSD ticks down on dovish vote split 📉

5 February 2026, 7:18 AM

EURUSD reclaims 1.18 on excellent German manufacturing data 🇩🇪 📈

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