ECB was expected to hold rates on October 29 as the euro traded near its weakest since May 2025

Ahead of the October 29 ECB decision, Bloomberg reported all but one surveyed economist expected the deposit rate to remain at 2.5% amid French bond-market turmoil and rising energy costs. Bloomberg said the euro traded near its weakest since May 2025, with options and technical signals pointing to the risk of further losses. The Business Times reported the euro was steady around $1.1148 later that day but down 2% against the dollar in October.