欧元保持在1.08美元上方，徘徊在3月18日达到的1.095美元的五个月高点以下，因为投资者评估了最新的采购经理人指数数据和欧洲央行官员的言论。最近的调查显示，欧元区私营部门活动以8月以来的最快速度扩张，尽管增长低于市场预期，制造业产出的反弹部分被服务业的放缓所抵消。与此同时，欧洲央行官员Cipollone表示，降息的理由正在加强，因为通货膨胀可能比预期更快地放缓。周五，他的同事斯托纳拉斯呼应了这一观点，表示所有迹象都表明4月份将降息。此外，拉加德总统警告称，如果欧盟对美国关税进行报复，经济增长将放缓，但淡化了通胀风险，这表明欧洲央行不会以更高的利率进行反击。欧洲央行的de Galhau也强化了央行有进一步降低借贷成本的空间的观点。

The euro held above the $1.08 mark, hovering just below the five-month high of $1.095 reached on March 18th, as investors assessed the latest PMI data and remarks from ECB officials. Recent surveys indicated that Eurozone private sector activity expanded at its fastest pace since August, though the growth fell short of market expectations, with a rebound in manufacturing output partially offset by a slowdown in the services sector. Meanwhile, ECB official Cipollone suggested that the case for a rate cut is strengthening, as inflation may be slowing faster than anticipated. His colleague Stournaras echoed this sentiment on Friday, stating that all signs point to a cut in April. Additionally, President Lagarde cautioned about weaker economic growth but downplayed inflation risks if the EU retaliated against US tariffs, signaling that the ECB would not counter with higher rates. ECB’s de Galhau also reinforced the view that the central bank has room to further ease borrowing costs.