The post EUR/USD climbs above 1.14 on risk-on mood, ECB turns hawkish appeared on BitcoinEthereumNews.com.

Euro gains as Sino-US trade talks ease tensions and ECB officials signal limited rate cuts ahead. ECB’s Kazimir and Schnabel push back on extended easing expectations. NY Fed survey shows inflation expectations dipped, but household outlook worsened. EUR/USD advanced on Monday during the North American session, driven by upbeat market sentiment fueled by high-level US-China tariff talks held in the United Kingdom. This, along with a perceived “hawkish” cut by the European Central Bank (ECB), pushed the pair above 1.1400, yielding gains of over 0.25%. The market mood shifted positively on Sino-US news. Meanwhile, The Wall Street Journal revealed that Trump granted US Treasury Secretary Bessent some flexibility to lift export controls on China. Greenback was boosted by the headline but turned negatively on the day as investors seeking risk drove US equities higher. A scarce economic docket in the US featured the release of the New York Fed Survey of Consumers Expectations (SCE), which showed that inflation expectations for one, three and five-year periods edged lower. Although that is positive, the poll showed that households’ perceptions of their current and future financial situation had deteriorated. In the Eurozone (EU), the docket is scarce, but ECB officials led by the Bundesbank chief Joachim Nagel, ECB’s Isabel Schnabel, and Kazimir. Nagel said that the ECB should be flexible on rates, and Schnabel noted that the ECB should not expect sustained de-coupling with the Fed. Kazimir turned hawkish, saying the central bank is nearly or already at the end of an easing cycle. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.26% -0.24% -0.22% -0.08% -0.37% -0.58% -0.03% EUR 0.26% 0.00% 0.03% 0.18%…

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Filed under: News - @ June 9, 2025 9:23 pm