Global FX Summary: Euro Softens on Lagarde Exit Talk, Fed Minutes Loom, Yen Gains on Trade Data, Gold Nears $5K, and Oil Consolidates — 18 February 2026
Lagarde’s potential exit, Fed policy debates, and global fiscal shifts drive market caution, keeping the Euro low amid economic divergence. The Shadow of Succession at the ECB The Euro is currently grappling with a wave