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fxJun 11, 2026, 12:45 AM

Euro Strengthens to Near 1.1550 Ahead of ECB Rate Decision

EUR/USD rose to near 1.1540 in Asian trading on Thursday as markets anticipate a rate hike from the European Central Bank at its June policy meeting.

EURUSD

The euro gained ground against the dollar in early Asian trade on Thursday, with EUR/USD hovering around 1.1540. The move comes as expectations build for the European Central Bank to deliver a rate hike at its upcoming policy meeting later in the day.

Traders are pricing in a more hawkish stance from the ECB, which has been under pressure to address elevated inflation in the eurozone. A rate increase would mark a significant shift in the central bank's policy trajectory.

If the ECB follows through, it could provide further support for the single currency in the near term. The dollar, meanwhile, remains steady as markets await the decision and subsequent commentary from ECB President Christine Lagarde.

Source: FXStreet Forex News