Euro steadies below 1.1600 as hawkish Fed rhetoric limits gains

Euro steadies below 1.1600 as hawkish Fed rhetoric limits gains

Source: EODHD - https://www.fxstreet.com/news/euro-steadies-below-11600-as-hawkish-fed-rhetoric-limits-gains-202609030051
Published: Sep 02, 2026 8:51 PM

The EUR/USD pair holds steady near 1.1590 during the early Asian session on Thursday. The potential upside for the major pair might be limited amid hawkish Federal Reserve (Fed) expectations and escalating conflict in the Middle East.

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.