Euro gains support amid hawkish ECB expectations, subdued US Dollar

Euro gains support amid hawkish ECB expectations, subdued US Dollar

Source: EODHD - https://www.fxstreet.com/news/euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar-202608250108
Published: Aug 24, 2026 9:08 PM

EUR/USD inches higher after posting minor losses in the previous day, trading around 1.1670 during the Asian hours on Tuesday. The pair finds support as rising oil prices, elevated bond yields, and escalating Middle East tensions drive Eurozone inflation concerns.

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.