Euro strengthens above 1.1550 as Fed rate hike bets fade

Euro strengthens above 1.1550 as Fed rate hike bets fade

Source: EODHD - https://www.fxstreet.com/news/euro-strengthens-above-11550-as-fed-rate-hike-bets-fade-202608170020
Published: Aug 16, 2026 8:20 PM

The EUR/USD pair gathers strength to around 1.1575 during the early Asian trading hours on Monday. The US Dollar (USD) edges lower against the Euro (EUR) amid weaker-than-expected US economic data and shifting central bank expectations.

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.