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fxAug 17, 2026, 12:21 AM

Euro Climbs Past 1.1550 as Fed Rate Hike Bets Fade

EUR/USD trades near 1.1575 in early Asian hours Monday as softer US data and shifting central bank expectations weigh on the dollar.

EURUSD

EUR/USD gathered strength to around 1.1575 during early Asian trading on Monday, moving above the 1.1550 level as the US dollar edged lower against the euro.

The dollar's softness followed weaker-than-expected US economic data and fading bets on further Federal Reserve rate hikes. Shifting expectations for major central banks also supported the euro's advance.

Source: FXStreet Forex News