Euro strengthens above 1.1550 on fading Fed hike bets

Euro strengthens above 1.1550 on fading Fed hike bets

Source: EODHD - https://www.fxstreet.com/news/euro-strengthens-above-11550-on-fading-fed-hike-bets-202608190046
Published: Aug 18, 2026 8:46 PM

The EUR/USD pair trades with mild gains near 1.1580 during the early Asian session on Wednesday. The US Dollar (USD) softens against the Euro (EUR) as softer US inflation data dialed back expectations of tighter Federal Reserve (Fed) policy.

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.