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fxAug 17, 2026, 8:35 AM

EUR/USD Holds Eight-Week High as Dollar Weakens

EUR/USD begins the week near 1.1588, its strongest level in eight weeks, supported by dollar weakness after fresh US data revived doubts about US economic stability.

EURUSD

EUR/USD opened the new week around 1.1588, marking its highest level in eight weeks.

The euro has found support from a softer dollar following fresh US economic data. The data revived doubts about the stability of the US economy and lowered market expectations for imminent Federal Reserve tightening.

The pair enters the session at the upper end of its recent range, with the dollar’s softer tone the main driver behind the move.

Source: FXStreet Forex News