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fxJul 16, 2026, 1:54 PM

EUR/USD snaps two-day winning streak as USD steadies

EUR/USD trades with a downside bias on Thursday, ending a two-day winning streak as the US Dollar stabilizes after recent losses triggered by softer-than-expected US inflation data.

EURUSD

The euro paused its two-day advance against the US dollar on Thursday, with EUR/USD turning lower as the greenback found its footing. The pair was trading around 1.1457, down modestly on the day.

The US Dollar steadied after declining in the previous sessions following softer-than-anticipated US inflation data, which had weighed on the currency. Market participants are now assessing whether the recent USD weakness is overdone or if further downside is likely.

No additional catalysts have emerged to drive a clear trend, leaving EUR/USD range-bound near the 1.1450 level for now.

Source: FXStreet Forex News