0708 GMT - The euro could rise as the European Central Bank looks set to raise interest further in September, Commerzbank's Michael Pfister says in a note. Market pricing on LSEG shows about a 70% chance of a September rate rise. That means any tightening would support the euro, he says. The ECB raised rates in June, thereby delivering already more than is expected from the Bank of England and other G-10 central banks, he says. "For once, the ECB has been proactive in responding to an inflation shock." This is a positive change for the euro, he says. The euro falls 0.1% to $1.1421.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 06, 2026 03:08 ET (07:08 GMT)
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