Euro rallies to two-month high, eyes 1.1600 as USD struggles amid receding Fed hike bets

Published Aug 17, 2026 1:02 AM Last refreshed Aug 17, 2026 2:00 AM Source: EODHD Event Time: Aug 17, 2026 1:02 AM

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This market news item includes source data powered by EODHD.

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Euro rallies to two-month high, eyes 1.1600 as USD struggles amid receding Fed hike bets

Source: EODHD - https://www.fxstreet.com/news/euro-rallies-to-two-month-high-eyes-11600-as-usd-struggles-amid-receding-fed-hike-bets-202608170502
Published: Aug 17, 2026 1:02 AM

The EUR/USD pair builds on last week's bounce from the vicinity of the 1.1500 psychological mark and attracts follow-through buyers for the third straight 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.

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