Euro Holds Above $1.15 as Eurozone Q2 Growth Hits 0.4%

3 articles · Updated · TradingView · Jul 31

$1.15-plus trading kept the euro near its highest level since June 16 and on course for a 0.8% monthly gain.
Eurozone GDP grew 0.4% in the second quarter, beating 0.2% forecasts and marking the bloc's fastest expansion since early 2025.
July inflation accelerated in the euro area's biggest economies, adding to concern that energy costs could feed into services and core prices.
Markets now fully price the ECB deposit rate at 2.75% by early 2027—implying two more hikes, with the first potentially in September.
In the U.S., the Fed held rates steady but three officials backed a hike, leaving markets to price about a 65% chance of a September move.

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