Euro: Pressured as ECB hike looms – Danske Bank

Euro: Pressured as ECB hike looms – Danske Bank

Source: EODHD - https://www.fxstreet.com/news/euro-pressured-as-ecb-hike-looms-danske-bank-202609020612
Published: Sep 02, 2026 2:12 AM

Danske Research Team notes that EUR/USD slipped below 1.1600 as the US Dollar strengthened on a hawkish Federal Reserve stance and geopolitical tensions. The team highlights that Euro area inflation has moved back above 3%, reinforcing expectations for a September ECB rate hike.

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.