At 7:45 am ET Wednesday, the European Central Bank is slated to announce its interest rate decision. The bank is expected to keep its refinancing rate unchanged at 0.05 percent.
The euro held steady against its major rivals ahead of the announcement.
The euro was quoted at 1.1118 against the greenback, 0.7271 against the pound, 138.32 against the yen and 1.0408 against the franc at 7:40 am ET.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.