0755 GMT - Expectations that the European Central Bank could deliver another interest-rate rise in September is supporting the euro, ING's Chris Turner says in a note. The euro showed resilience to the jump in oil prices Wednesday due to renewed U.S.-Iran tensions as yields spreads narrowed in favor of the single currency, with euro swap rates rising more than U.S. short-dated rates, he says. However, the prospect of the Federal Reserve raising rates is the "more dominant theme" and could see the euro fall back below $1.14, he says. The euro rises 0.2% to $1.1436. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 09, 2026 03:55 ET (07:55 GMT)
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