Euro grinds higher above 1.1600, traders await ECB rate decision, US inflation data

Euro grinds higher above 1.1600, traders await ECB rate decision, US inflation data

Source: EODHD - https://www.fxstreet.com/news/euro-grinds-higher-above-11600-traders-await-ecb-rate-decision-us-inflation-data-202609090058
Published: Sep 08, 2026 8:58 PM

The EUR/USD pair gains traction to near 1.1630 during the early Asian trading hours on Wednesday. Expectations of a rate hike from the European Central Bank (ECB) provide some support to the Euro (EUR) against the US Dollar (USD). ECB President Christine Lagarde is set to speak later in the day.

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.