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fxJul 28, 2026, 3:44 PM

Euro Rallies Past 1.14 as Soft US Consumer Confidence Weighs on Dollar

EUR/USD advanced 0.3% to trade near the 1.1400 handle on Tuesday, buoyed by a weaker US Dollar after downbeat American consumer confidence data pushed the Dollar Index toward 101.30.

EURUSDDXY

EUR/USD climbed 0.3% on Tuesday, pushing toward the 1.1400 mark. The single currency strengthened as the US Dollar came under pressure after a soft US consumer confidence report.

The greenback retreated broadly, with the US Dollar Index sliding toward 101.30. Weaker confidence numbers reduced demand for the safe-haven dollar, allowing the euro to extend gains.

The move builds on the shared currency's recent momentum amid shifting rate expectations.

Source: FXStreet Forex News