ECB’s Lane: Rise in long-term rates will slow growth

European Central Bank (ECB) Chief Economist Philip Lane warns of moderate economic growth due to higher long-term rates. Regarding inflation, Lane said that medium-term inflation expectations are still de-anchored.

Oct 5, 2026

Forex Today: Euro selloff picks up steam, US Dollar ignores easing rate hike bets

Here is what you need to know on Monday, October 5:

Euro loses against Canadian Dollar as ECB’s Lane warns economic growth concerns

EUR/CAD has pared its recent gains from the previous trading day, hovering around 1.5970 during European hours on Monday. The currency cross depreciates as the Euro (EUR) remains under pressure following the release of Final HCOB Purchasing Managers’ Index (PMI) data from Germany and the Eurozone.