The euro traded above $1.17 in early May, recovering from three-week lows, as investors analyzed the European Central Bank’s latest policy decision and a fresh rise in oil prices amid Middle East tensions. The ECB held rates steady but kept options open for June and beyond, noting heightened inflation risks and growth concerns. At the press conference, ECB President Christine Lagarde confirmed the decision to hold rates was unanimous, though a hike had been discussed. Meanwhile, ECB official Joachim Nagel cautioned that the central bank might need to tighten policy as early as June, citing a worsening inflation outlook and the risk of persistent price growth. Fellow official Madis M