The euro that recouped from early lows against most major currencies strengthened further in European morning deals on Friday after reports showed that Eurozone jobless rate remained unchanged in July and inflation exceeded forecast during August.
The euro is trading at a 2-day high of 0.7943 versus the pound with 0.80 seen as the next upside target level.
Against the yen, the euro is worth 98.65, reversing from a 3-day low of 98.00 hit at 2:05 am ET.
The European single currency also advanced to a 2-day high of 1.2567 against the greenback from an early low of 1.2495.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.