Euro Steady Above 1.1400 on Hawkish ECB Expectations

Analysts point to hawkish European Central Bank expectations as a key driver keeping the Euro resilient. The EUR/USD pair remains above the 1.1400 level on Thursday, showing surprising strength amid rising oil prices and an escalation of hostilities in the Middle East.

While higher energy costs and geopolitical uncertainty typically weigh on the Euro, the prospect of continued ECB tightening appears to be anchoring the currency. Markets are pricing in further rate hikes from the central bank, which is helping the single currency hold its ground against the US Dollar.