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2026.06.2907:39:07UTC+00Euro Recovers Ahead of ECB Forum

The euro rebounded above $1.14, recovering from the one-year lows reached last week, as investors shift their attention to the ECB’s Sintra Forum and upcoming inflation releases from major European economies. ECB President Christine Lagarde will open the forum on Monday, with the most closely watched panel scheduled for Wednesday, featuring Lagarde, new Fed Chair Kevin Warsh, and Bank of England Governor Andrew Bailey. Markets will be watching for signals on their economic outlooks and policy directions. Since the interim US-Iran ceasefire led to the reopening of the Strait of Hormuz, oil prices and inflation expectations have declined, prompting markets to scale back expectations for further interest rate hikes by the ECB and the Bank of England. On the data front, Spain’s EU-harmonized consumer price index rose 3.6% year-on-year in June, unchanged from May and remaining at its highest level since June 2024.

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