Euro weakens despite ECB rate hike as US PPI comes in hot

Euro weakens despite ECB rate hike as US PPI comes in hot

Source: EODHD - https://www.fxstreet.com/news/euro-weakens-despite-ecb-rate-hike-as-us-ppi-comes-in-hot-202609101256
Published: Sep 10, 2026 8:56 AM

EUR/USD extends its intraday decline on Thursday as a recovery in the US Dollar (USD) weighs on the Euro (EUR), while the European Central Bank’s (ECB) widely expected rate hike fails to offer support.

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.