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2025.10.3009:30:36UTC+00Euro Holds Steady Amid Mixed European Data and Central Bank Moves

The euro experienced a slight uptick to $1.162 as investors evaluated a combination of economic data and recent central bank developments. The latest GDP reports revealed that both Germany and Italy experienced stagnation in the third quarter, while France and the Netherlands demonstrated stronger growth. In terms of inflation, regional German CPI data suggested a minor easing of price pressures, although inflation increased in North Rhine-Westphalia, Germany's most populous region. Additionally, Spain's CPI rose unexpectedly. Regarding monetary policy, the European Central Bank is anticipated to keep interest rates unchanged later today, in contrast to the U.S. Federal Reserve’s second consecutive interest rate reduction. However, Fed Chair Jerome Powell has indicated that no further rate cuts this year are guaranteed.

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