The euro weakened against other major currencies in the European session on Tuesday, after Eurozone inflation fell below the 2 percent target for the first time in more than three years in September, signaling faster interest rate cuts from the European Central Bank.
The harmonized index of consumer prices posted an annual increase of 1.8 percent compared to a 2.2 percent rise in August, flash data from Eurostat showed Tuesday.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.