The bloc is expected to agree new sanctions to mark the one-year anniversary of Russia's invasion of Ukraine on Feb. 24, but the specific proposals must yet win the unanimous backing of all EU member states.
The EUR/INR pair soared to 90.44 on Feb. 2, just ahead of the European Central Bank meeting, its highest level since April 2021. It was last trading at 88.30.
The data showed that prices unexpectedly fell for the first time in more than 2-1/2 years in December.
Rising prices have papered over a lot of problems with the single currency, but disinflation could bring them back
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The ECB raised interest rates for the fourth time in a row, although by less than at its last two meetings, pledged further hikes and laid out plans to drain cash from the financial system as part of its fight against runaway inflation.
In the middle of Euro 2016, the World Cup-winning French football legend visited India and watched football matches at night and monuments during the day.
A survey showed on Monday that investor morale in the euro zone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter.
Against the weakening dollar, the euro and sterling edged up to $0.9889 and $1.1494, respectively.
Annual inflation reached 10.7% in October, the European Union's statistics agency, Eurostat, reported Monday. That is up from 9.9% in October and the highest since statistics began to be compiled for the eurozone in 1997.
The euro was last 0.05% lower at $0.9960, following a more than 1% slide overnight, after the ECB raised rates by 75 basis points, as expected, but took a more dovish tone on its rate outlook.
A slew of US data on manufacturing, home prices and consumer confidence have all fallen short of economist estimates, underscoring the toll of Fed tightening
Russia’s war in Ukraine has been a major factor behind the increase, Eurostat said, by roiling energy markets and driving up prices for grains, oilseeds and fertilizers
The euro was down 1.4% at $0.9852 after rising 1.7% on Tuesday.
Price increases are at their highest level since record-keeping for the euro started in 1997.
The euro also jumped to a one-week peak after a heated German inflation reading reinforced expectations for more aggressive policy action from the European Central Bank (ECB).
With this expansion, DHL Supply Chain will add 12 million sq ft of warehousing space in its existing portfolio to take its total capacity to about 22-million sq ft by 2026, the company said in a statement on Wednesday.
The greenback idled not far from a two-week low ahead of key U.S. inflation data this week that might allow the Federal Reserve to consider whether to slow the pace of rate hikes at its Sept. 21 policy meeting.
Across the Atlantic, the European Central Bank raised interest rates by a record 75 basis points, taking the deposit rate above 0% for the first time since 2012.
Eurozone stocks, which had been holding steady before the ECB decision, slid lower.
Policymakers scramble to keep a lid on the bloc's most damaging bout of price growth in nearly half a century as it eats up household savings and weighs on business output
The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002.
The euro was down 0.4% at $0.9908 and looking likely to test its recent 20-year low of $0.90005 as markets priced in more risk of a European recession.
The tables turned for the two currencies as traders began ramping up bets for a super-sized 75 basis-point rate hike by the European Central Bank, while paring the odds for one by the U.S. Federal Reserve.
GDP data from Europe's largest economy, Germany, brought relief too.