Euro finds support as softer US PCE data prompts traders to trim Fed rate-hike bets

Euro finds support as softer US PCE data prompts traders to trim Fed rate-hike bets

Source: EODHD - https://www.fxstreet.com/news/euro-finds-support-as-softer-us-pce-data-prompts-traders-to-trim-fed-rate-hike-bets-202609301408
Published: Sep 30, 2026 10:08 AM

EUR/USD holds modest gains on Wednesday as traders assess the latest economic data from both sides of the Atlantic. At the time of writing, the pair trades around 1.1363, up 0.20% on the day, after touching 1.1312 on Tuesday, its lowest level since May 2025.

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.