Foreign Exchange Market Update

July 10, 2026

Eurozone

Euro traded at 1.1436 against USD at 9:00 AM PST

Germany's inflation slowed to a four-month low in June. Consumer price inflation came in at 2.3% in June, slower than May's 2.6%. This was the lowest rate since February. Similarly, EU harmonized inflation weakened from 2.7% a month ago to 2.4%.

Core inflation that excludes prices of food and energy held steady at 2.5% in June. Monthly, consumer prices dropped 0.3% in June after falling 0.2% in May. The harmonized index of consumer prices (HICP) slid 0.2% following a 0.1% fall. 07/10/2026 - 05:05:00 (RTTNews)

Italy's industrial production declined for the first time in four months in May. Industrial output registered a monthly decrease of 0.3% in May, following a 0.4% rise in April. There was a monthly contraction of 0.8% in intermediate goods output and a 0.5% decline in consumer goods production. The capital goods division produced 0.1% less, while energy production grew sharply by 4.6%.

Yearly, industrial output expanded at a steady pace of 1.1% in May. Production has been rising since February. Unadjusted industrial output declined 1.9% in May, in contrast to a 4.8% growth in the prior month. 07/10/2026 - 05:06:00 (RTTNews)

France's consumer price inflation slowed in June, driven by the deceleration in energy price growth. The consumer price index posted an annual increase of 1.8% in June, following May's 2.4% rise. Similarly, EU harmonized inflation slowed from 2.8% in the previous month to 2.0%.

The annual growth in energy prices rose from 11.0% to 16.6%. Services’ inflation decelerated from 2.1% to 1.9%. Food prices posted a slower growth of 0.9%. Monthly, consumer prices fell 0.3%, following a 0.1% gain in May. At the same time, the harmonized index of consumer prices (HICP) dropped 0.3% after a 0.1% rise in May. 07/10/2026 - 07:05:00 (RTTNews)