Euro Zone

The European Central Bank is inviting e-commerce and mobile-commerce merchants to participate in a 12-month digital euro pilot beginning in the second half of 2027. The test will examine online, offline, in-store, mobile and peer-to-peer payments using a beta version that resembles the digital euro but is not legal tender.

The US dollar remains under pressure as softer CPI and PPI readings strengthen expectations for a less restrictive Federal Reserve path. EUR/USD is testing trendline resistance near 1.1569, while GBP/USD needs a break above 1.3515 to confirm fresh bullish momentum.