The euro rebounded above the $1.14 level, edging closer to the six-week high of $1.149 reached on June 5, as investors tracked progress in US-China trade talks and looked ahead to key speeches from European Central Bank officials for insight into the ECB’s policy outlook. Top US and Chinese negotiators are meeting in London today, aiming to build on last month’s preliminary agreement in Geneva, with discussions likely to focus on rare-earth minerals and advanced technology. On the monetary front, the ECB cut interest rates by 25 basis points last week—bringing borrowing costs to their lowest since November 2022—and cut its inflation projections for 2025 and 2026. However, the bank also signaled it may be nearing the end of its current easing cycle, contrary to earlier expectations.