Euro slips back to its summer low as ECB President Lagarde urges measured hikes

Euro slips back to its summer low as ECB President Lagarde urges measured hikes

Source: EODHD - https://www.fxstreet.com/news/euro-slips-back-to-its-summer-low-as-ecb-president-lagarde-urges-measured-hikes-202609282309
Published: Sep 28, 2026 7:09 PM

Traders betting on a faster European Central Bank (ECB) got pushback from ECB President Lagarde on Monday, and EUR/USD fell back to its late-July low near 1.1350. The pair closed just above 1.1350, three sessions after it broke below 1.1400.

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.