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The euro continues to stumble and is down for a fourth straight day. In the European session, EUR/USD is trading at 1.0653, down 0.67%. The euro has fallen 1.7%
The European Central Bank left its key interest rates unchanged on Thursday, but signaled policymakers are gaining confidence on inflation returning to the 2 percent target and could lower rates in coming months.
Eurozone negotiated wage growth eased in the final three months of last year, slowing for the first time since the second quarter of 2022, preliminary data from the European Central Bank showed Tuesday.
European Central Bank policymakers stressed on the need to remain vigilant against inflation risks though they were increasingly more confident that the rate would be brought to the 2 percent target by 2025, minutes of the December 13-14 policy session showed Wednesday.
The key interest rate of the Eurozone remains at the highest level since the common currency was created.