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fxJun 9, 2026, 5:15 AM

EUR/USD Strengthens Toward 1.1550 on ECB Hawkish Bets

The euro edged higher against the dollar in early European trade Tuesday, supported by expectations of further ECB rate hikes. Traders are now awaiting US CPI data for fresh directional cues.

EURUSD

The EUR/USD pair rose to near the 1.1550 mark during early European hours on Tuesday, driven by growing bets that the European Central Bank will continue its hawkish policy stance. The pair was last quoted around 1.1545, reflecting a modest gain for the single currency.

Market participants are now eyeing the upcoming US Consumer Price Index (CPI) release, which could influence the Federal Reserve's policy path and provide the next catalyst for the pair. Any upside surprise in inflation may strengthen the dollar and cap the euro's advance.

Source: FXStreet Forex News