Euro: Hawkish ECB and strong PMI cap downside

Euro: Hawkish ECB and strong PMI cap downside – BBH

Published Jul 24, 2026 10:46 AM Last refreshed Jul 29, 2026 9:48 AM Source: EODHD Event Time: Jul 24, 2026 10:46 AM

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Euro: Hawkish ECB and strong PMI cap downside – BBH

Source: EODHD - https://www.fxstreet.com/news/euro-hawkish-ecb-and-strong-pmi-cap-downside-bbh-202607241446
Published: Jul 24, 2026 10:46 AM

Brown Brothers Harriman’s (BBH) Elias Haddad reports that EUR/USD has recovered part of its recent slump but remains below 1.1400. A stronger-than-expected Eurozone July PMI and a hawkish hold from the ECB support the Euro, though higher Oil prices keep growth risks skewed lower.

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.