The euro strengthened further against most major currencies on Friday's European deals after data showed that Eurozone inflation rose unexpectedly in September.
Inflation increased to 2.7 percent in September from 2.6 percent in August. The rate was forecast to slow to 2.4 percent
The euro is now trading at a 4-day high of 0.7990 versus the pound, 3-day highs of 100.70 against the yen and 1.2961 against the greenback.
Against the Canadian dollar, the euro gained to 1.2685, up from Thursday's close of 1.2666.
The euro that recovered from late Asian session's low against the NZ dollar advanced further and is now worth 1.5538.
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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.