The post EUR/USD slides after ECB hold as risk-off flows lift US Dollar appeared on BitcoinEthereumNews.com.

The Euro extends its losses on Thursday as the European Central Bank held rates unchanged in an uneventful monetary policy decision. Jobs data in the United States was softer than expected fueling speculation for rate cuts by the Federal Reserve. The EUR/USD trades at 1.1777, down 0.25%. Euro weakens below 1.1800 as an uneventful ECB decision meets risk aversion and softer US jobs data Risk aversion pushed investors’ attention on the US Dollar in the FX space. Wall Street plunge dragged by nine out of the eleven sectors that compose the S&P 500, which lost 1.2%, the Nasdaq sank over 1.59%, while other assets like Bitcoin plummeted by over 13%. Aside from this, US jobs data revealed that private companies are slashing job posts, remaining reluctant to hire. Consequently, the number of Americans filling for unemployment benefits, rose. Given the backdrop, expectations that the Fed would need to reduce interest rates had risen, with money markets expecting 60 basis points of easing, revealed Prime Market Terminal data. Earlier the ECB  kept interest rates unchanged and reiterated that it does not have a pre-committed path and that it would remain data-dependent on a meeting-by-meeting basis. At the press conference, ECB’s President Lagarde, struck a neutral tone and affirmed that monetary policy was “in a good place.” After the ECB’s decision and the US data, the EUR/USD failed to gain traction, remaining below 1.1800, but its losses were capped as well amid growing expectations for a dovish Fed. What’s in the calendar in Europe and the US on February 6? In Europe, the docket will feature speeches by ECB Cipollone and Kocher. In the US, the University of Michigan will release the Consumer Sentiment. This and a speech by the Vice Chair Philip Jefferson, would be the market moving events. Euro Price…

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Filed under: News - @ February 6, 2026 12:25 am