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fxAug 14, 2026, 4:05 AM

Euro firms as softer Fed rate-hike bets pressure dollar

EUR/USD extended gains during Friday's Asian session, helped by reduced expectations for Federal Reserve rate hikes, though geopolitical concerns limited the upside.

EURUSD

EUR/USD attracted follow-through buying during the Asian session on Friday and attempted to build on the previous day’s rebound from around the 1.1500 psychological level.

The move reflected a softer dollar as receding bets on further Federal Reserve rate hikes weighed on the US currency.

Geopolitical risks were cited as a factor capping further euro gains, leaving the pair’s recovery measured.

Source: FXStreet Forex News