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fxAug 14, 2026, 12:43 AM

Euro Gains Above 1.15 as Soft US Inflation Weighs on Dollar

EUR/USD trades near 1.1535 in early Asian trading as a soft US inflation report weighs on the dollar. US July retail sales data is the next key focus.

EURUSD

The euro extended gains in early Asian trading on Friday, with EUR/USD changing hands near 1.1535 and holding above the 1.1500 handle. The US dollar softened against the euro after a softer-than-expected US inflation report, which weighed on the greenback.

The move keeps the pair's recent strength intact as market participants assess the inflation print. Cooling price data reduced the dollar's appeal against the single currency during the session.

Later on Friday, the US July retail sales report will be the key release. Traders will be watching the data for signs of consumer demand and its potential impact on the dollar's near-term direction.

Source: FXStreet Forex News