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EUR/USD Dips to 1.1627 Amid Weak Eurozone Data

10/22/2025

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Story summary
  • The EUR/USD trades at 1.1627 after a fourth decline, breaking 1.1630 as a stronger US dollar and weak eurozone data, including Germany's 0.1% PPI drop.
  • The European Central Bank maintains a cautious stance, with officials signaling patience amid slow growth.
  • Traders expect declines toward 1.1615 and 1.1585 unless ECB communications shift.
  • The market follows upcoming ECB speeches for policy signals, while the US backdrop appears stable.