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fxJun 8, 2026, 1:23 AM

EUR/USD Rises Above 1.1500 on ECB Rate Hike Expectations

The euro edged higher past 1.1500 early Monday, supported by bets on further ECB rate hikes, but gains may be limited by escalating Middle East tensions.

EURUSD

The EUR/USD pair climbed to around 1.1535 during early Asian trading on Monday, extending its recent advance. The move was driven by growing expectations that the European Central Bank will continue raising interest rates to curb inflation.

However, the upside for the euro remains capped by heightened geopolitical risks in the Middle East, which are boosting demand for the safe-haven US dollar. Traders are closely monitoring developments in the region for further directional cues.

The pair’s ability to hold above the 1.1500 level may depend on upcoming economic data and central bank commentary, alongside any escalation in tensions.

Source: FXStreet Forex News