An Associated Press snapshot at 10:34 p.m. ET Thursday (02:34 UTC Friday) placed the euro at $1.1197, after the European Central Bank left its benchmark rates unchanged and flagged energy-related pressure on inflation and growth. The quoted price exceeded the $1.1181 comparison in the AP dispatch but was below $1.1200, a threshold FXStreet said EUR/USD had crossed earlier in Asian trading.
FXStreet also reported that the pair had gained for a third straight day after nearing $1.1100 in the previous session, which the outlet described as its lowest level since May 2025. The AP snapshot came after the Asian-trading report, making the figures sequential observations rather than a quote for the same moment.
At its Oct. 29 decision, the ECB kept its rates as before: the deposit facility stood at 2.50%, marginal lending at 2.90% and main refinancing operations at 2.65%. The Governing Council identified energy prices as a risk pulling in opposite directions: costlier energy may push prices higher while slowing activity. It said future policy calls would be made one at a time, without an advance signal on where borrowing costs will go.
Eurostat, the European Union’s statistical office, put the euro area’s annual inflation rate at 3.8% for September, versus 3.2% in August. The U.S. Bureau of Economic Analysis estimated that real GDP expanded at a 3.4% annualized pace in the third quarter, following 2.2% in the second. The agency’s September personal consumption expenditures price index was 3.6% higher than a year earlier; the measure excluding food and energy gained 3.1%.
Eurostat’s calendar listed its preliminary estimate of third-quarter growth for Oct. 30. The ECB’s next policy meeting is scheduled for Dec. 16-17, with its next decision and news conference due Dec. 17.
