Mumbai, Oct. 14 -- Euro is holding around a 16-month low against the dollar on Wednesday, as uptick in oil prices add to inflationary woes keeping pressure on the ECB to tighten its monetary policy further. Data showed German Wholesale Price Index accelerated to 1.9% in September from 0.9% in August, against expectations of a moderate slowdown to 0.7%. Meanwhile, DXY is recovering above 102 mark ahead of release of the US inflation data. Yesterday, New York Fed President, John Williams, played down market speculation about further interest rate hikes in 2027, putting additional pressure on the US Dollar. EUR/USD is currently quoting at $1.220, down marginally on the day. European Central Bank (ECB) President Christine Lagarde urged the Fr...