Euro slides as strong US PMI data lifts Fed rate hike bets

Euro slides as strong US PMI data lifts Fed rate hike bets

Source: EODHD - https://www.fxstreet.com/news/euro-slides-as-strong-us-pmi-data-lifts-fed-rate-hike-bets-202609231500
Published: Sep 23, 2026 11:00 AM

EUR/USD extends its intraday decline on Wednesday as stronger-than-expected US business activity data reinforces expectations of another Federal Reserve (Fed) rate hike and lifts the US Dollar (USD). At the time of writing, the pair trades around 1.1401, near levels last seen in late July.

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.