The European Central Bank raised rates on Thursday and oil gained more than eight percent. The region's currencies went in different directions.
ECB raised rates to 2.50%, oil jumped to $104.61 on supply cuts; Latin currencies diverged—real and Colombian peso up, Mexican and Chilean down amid global tightening. For tech teams, divergent regional currency moves and rising financing costs selectively pressure outsourcing spend and budget ROI.
MARKETS · WEEK IN REVIEW
Key Facts
—The trade date Trade date: Friday 11 September 2026. All levels are that session’s closes.
—Europe The European Central Bank raised its deposit rate to 2.50 percent on Thursday, its second increase this year.
—The United States US inflation came in at 3.4 percent in August, with the core reading above forecast.
Dollar gains, euro slips after expected ECB rate increase
Global Market: European markets fall as Middle East tensions push oil prices higher
US Treasury yields rise as dollar weakens in European trade amid oil surge and rate hike bets
European Central Bank raises interest rate as expected - Latest News
ECB hikes rates again to combat Middle East energy shock
Currency markets subdued as oil shock lifts global yields; ECB, U.S. inflation eyed
Wall Street dips, oil continues climb ahead of US inflation data
ECB raises interest rates to fight off inflation jump
ECB raises interest rates to 2.5% and warns Iran war is fuelling inflation
NEW YORK/LONDON, Sept 10 : The dollar rose against major currencies on Thursday, reversing some of this week's losses triggered…
The euro hit intraday lows near $1.1515 as Brent crude's drop from $120 to $82 eases ECB inflation pressure, reshaping rate hike…
Europe Intelligence Brief — The European Central Bank raised rates for the first time since 2023, Brent crude tumbled on deal…
The ECB raised its deposit rate to 2.25% as eurozone inflation hit 3.2% in May 2026. Falling oil prices could ease pressure, but…
Euro zone government bond yields reached their highest levels in nearly a month. This rise followed a sharp jump in oil prices…
LONDON, June 11 : Stock markets and the dollar both firmed on Thursday as conflicting signals on U.S. and Iran peace talks kept…
