The euro spiked up against its key counterparts in the European session on Thursday, after the European Central Bank President Mario Draghi gave a positive assessment to the economic outlook, saying that the risks to the euro area growth appears to be broadly balanced.
In his press conference following the monetary policy decision, the ECB Chief stressed that underlying inflation is likely to pick up towards the end of the year and increase gradually over the medium term, supported by the monetary policy measures, the continuing economic expansion and rising wage growth.
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Forex News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.