Euro consolidates below its highest level since June 17 as Mideast tensions support USD

Euro consolidates below its highest level since June 17 as Mideast tensions support USD

Source: EODHD - https://www.fxstreet.com/news/euro-consolidates-below-its-highest-level-since-june-17-as-mideast-tensions-support-usd-202608100135
Published: Aug 09, 2026 9:35 PM

The EUR/USD pair kicks off the new week on a subdued note and trades just above 1.1550 during the Asian session, well within striking distance of a fresh high since June 17, touched in reaction to the disappointing US jobs data on Friday.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.