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fxJun 9, 2026, 9:55 AM

Euro Edges Higher on ECB Tightening Hopes, Dollar Weakness

The euro extended gains for a second day on Tuesday, paring some of last week's losses, supported by expectations of further ECB tightening and mild US dollar weakness.

EURUSD

The euro ticked higher against the US dollar for a second consecutive session on Tuesday, trimming some of the losses incurred last week.

The move was supported by growing expectations that the European Central Bank will continue its tightening cycle. Additionally, mild weakness in the US dollar provided further support for the common currency.

Source: FXStreet Forex News