What is driving the US Dollar to multi-month highs against the Euro as PCE data approaches?

What is driving the US Dollar to multi-month highs against the Euro as PCE data approaches?

Source: EODHD - https://www.fxstreet.com/news/what-is-driving-the-us-dollar-to-multi-month-highs-against-the-euro-as-pce-data-approaches-202609301133
Published: Sep 30, 2026 7:33 AM

EUR/USD has dropped to its lowest level since mid-2025 as the US Dollar (USD) maintains broad-based momentum, propelled by elevated long-dated US Treasury yields and shifting expectations for Federal Reserve (Fed) monetary 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.