Euro: Fed repricing supports gains against US Dollar – Societe Generale

Euro: Fed repricing supports gains against US Dollar – Societe Generale

Source: EODHD - https://www.fxstreet.com/news/euro-fed-repricing-supports-gains-against-us-dollar-societe-generale-202608100944
Published: Aug 10, 2026 5:44 AM

Societe Generale strategists highlight that EUR/USD has squeezed above key resistance as Dollar weakness follows softer United States (US) employment data and reduced odds of a September Fed hike. The pair is seen slightly expensive versus nat gas but near fair value on 2-year spreads.

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.