28.04.202607:38:15UTC+00Euro Steady Near Two-Week Low Ahead of Key Data

The euro hovered around $1.17, remaining close to the two-week lows reached last week, as investors weighed the impact of a diplomatic standoff in US–Iran talks and looked ahead to a series of key economic releases. This week’s calendar features Eurozone inflation and GDP data, alongside several major global interest rate decisions. Risk sentiment weakened after a US official disclosed that President Donald Trump was dissatisfied with Iran’s latest proposal, which called for postponing discussions on its nuclear program until the two-month conflict and related shipping disputes are resolved. On the monetary policy front, the European Central Bank is widely expected to leave interest rates unchanged at its meeting on Thursday, adopting a wait-and-see approach in light of the ongoing Middle East turmoil. Still, additional tightening remains on the horizon, with markets pricing in at least two 25-basis-point rate hikes for 2026.