The Euro's rate hike does not come with a gas cargo

The Euro's rate hike does not come with a gas cargo

Source: EODHD - https://www.fxstreet.com/news/the-euros-rate-hike-does-not-come-with-a-gas-cargo-202609081627
Published: Sep 08, 2026 12:27 PM

EUR/USD holds above 1.1600 after a session that has covered 28 pips and left the pair half a pip from where it opened. European gas hit a three-year high on the same clock, and the European Central Bank (ECB) is expected to raise the deposit rate on Thursday. The pair has priced both at nothing.

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.