EUR/USD Forecast, News and Analysis TRENDING:Oil price XAU/USD EUR/USD GBP/USD Silver Newsletter UpgradeLogin Rates & Charts Charts Live chart Forecast poll Rates table Technical indicators Assets EUR/USD GBP/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News News Forex news Institutional research Latest by asset EUR/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Analysis Analysis Forex analysis Editorial picks EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD NZD/USD US Dollar Index Gold Oil Stocks Commodities Economic Calendar Economic calendar Economic calendar World interest rates Market hours Fed Sentiment Index Key events Fed Nonfarm payrolls US CPI BoC ECB BoE BoJ RBA RBNZ SNB Cryptos Crypto Crypto news Press releases Latest by asset Bitcoin Ethereum Ripple Cardano Solana Dogecoin Education Education Forex education Brokers Brokers Brokers Broker reviews Best of 2026 Press releases Trader cashback Prop Firms PropinderNEW Sponsored by Login EUR/USD Forecast and News Euro edges higher against US Dollar after soft US PPI data EUR/USD holds modest gains on Thursday as softer-than-expected US Producer Price Index (PPI) data fails to trigger a strong reaction in the pair. At the time of writing, EUR/USD trades around 1.1537 after recovering from an intraday low of 1.1511, its lowest level in more than a week. Technical Analysis EUR/USD Charts by TradingView Lightweight Charts In the four-hour chart, the EUR/USD pair holds above the 200-period Simple Moving Average (SMA) at 1.1451, , which acts as the key structural floor that would need to give way to revive a deeper bearish phase. Momentum is less supportive, with the Relative Strength Index around 44 hinting at a lack of strong buying pressure, while the Moving Average Convergence Divergence (MACD) stays marginally below zero, suggesting that upside traction is tentative despite the constructive price location. (The technical analysis of this story was written with the help of an AI tool. Know more.) Fundamental Analysis Time Event Impact Actual Consensus Previous Data released by the US Bureau of Labor Statistics showed that the headline PPI was unchanged in July after falling by 0.1% in June, while the annual rate eased to 4.7% from 5.5%. Core PPI rose by 0.2% MoM, down from 0.4%, while the annual rate slowed to 4.2% from 4.7%. The report follows Wednesday’s broadly in-line Consumer Price Index (CPI) data, which showed both headline and core inflation easing on an annual basis. Together with the weaker-than-expected July Nonfarm Payrolls (NFP) report, the latest inflation figures have dampened expectations for a Federal Reserve (Fed) interest-rate hike. According to the CME FedWatch Tool, markets now assign a 32% probability of a September rate hike, down from 55% a week ago. The repricing weighs on the US Dollar Index (DXY), which retreats below the 100 psychological mark after touching a two-week high earlier in the day. US Treasury yields are also falling across the curve. The 2-year yield, which is particularly sensitive to expectations for Fed policy, trades around 4.14%, its lowest level since July 17. However, the pair’s muted response suggests traders are reluctant to build large positions as elevated energy prices and the lack of progress toward reopening the Strait of Hormuz keep upside inflation risks in place. Cleveland Fed President Beth Hammack said on Thursday that the latest two inflation reports were “welcome news,” although she was not confident that the progress would continue. She added that the labour market is stable, while inflation caused by supply shocks has proved more persistent. “My view is we need to act now,” Hammack said. While expectations for a September Fed rate hike have eased, markets still see the ECB raising rates next month. A Reuters poll conducted from August 10 to 13 showed that 57 of 69 economists expect the ECB to raise its deposit rate by 25 basis points (bps) to 2.50% in September. Latest content AnalysisNews 2 days ago Not seen patterns like this align in 40 years of trading [Video] 3 days ago FX markets at a crossroads: Can EUR/USD and JPY pairs extend their bounce? [Video] 3 days ago EUR/USD outlook: bulls hold grip but continue to face strong headwinds at 100DMA/daily cloud top More Latest Analysis Smart insights by real people. Every day. Stay ahead with key market trends from Orange Juice Newsletter. Mail* SubscribeYes, I also want to receive FXStreet promotions. By subscribing you agree to our T&Cs. Best brokers in your location EUR/USD Forecast Poll Interested in weekly BTC/USD forecast? Our experts make weekly updates forecasting the next possible moves of the bitcoin-dollar pair. Here you can find the most recent forecast by our market experts: US Dollar mid-year outlook: Exceptional currency, exceptional risks? The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets. 1 Week 50% Bullish 0% Bearish 50% Sideways BiasBullish 1 Month 57% Bullish 43% Bearish 0% Sideways BiasBullish 1 Quarter 59% Bullish 18% Bearish 23% Sideways BiasBullish Updated Aug 7, 15:00 GMTSee full study About EUR/USD The EUR/USD (or Euro Dollar) currency pair belongs to the group of 'Majors', a term used t o describe the most important currency pairs in the world. This group also includes GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD and USD/CAD. The popularity of the Euro Dollar pair stems from its representation of two of the world's largest economies: the Eurozone and the United States. The EUR/USD is one of the most widely traded currency pairs in the Forex market, where the Euro serves as the base currency and the US Dollar as the counter currency. It accounts for more than half of the total trading volume in the Forex market, making gaps almost inexistent, let alone sudden reversals caused by breakaway gaps. The EUR/USD is usually quiet during the Asian session, as economic data influencing the pair is usually released during the European or US sessions. Activity increases as European traders begin their day, leading to heightened trading volume. This activity slows around midday during the European lunch break but picks up again when US markets come online. Related pairs GBP/USD The GBP/USD (or Pound Dollar) currency pair belongs to the group of 'Majors', referring to the most important and widely traded pairs in the world. The pair is also known as "the Cable", a term originating in the mid-19th century that refers to the first transatlantic telegraph connecting Great Britain and the United States. As a closely watched and widely traded currency pair, it features the British Pound as the base currency and the US Dollar as the counter currency. For that reason, macroeconomic data from both the United States and the United Kingdom significantly impacts its price. One notable event that affected the volatility of the pair was Brexit. USD/JPY The USD/JPY (US Dollar Japanese Yen) currency pair is one of the 'Majors', a group of the most important currency pairs in the world. The Japanese Yen, known for its low interest rate, is frequently used in carry trades, making it one of the most traded currencies worldwide. In the USD/JPY pair, the US Dollar is the base currency and the Japanese Yen serves as the counter currency. Trading USD/JPY is also known as trading the "ninja" or the "gopher", although the latter nickname is more frequently associated with the GBP/JPY pair. USD/JPY usually has a positive correlation with other pairs like USD/CHF and USD/CAD, as all three use the US Dollar as the base currency. The value of the pair is often influenced by interest-rate differentials between the two central banks: the Federal Reserve (Fed) and the Bank of Japan (BoJ). Influential Institutions & People for the EUR/USD The European Central Bank (ECB) The European Central Bank (ECB) is the central bank empowered to manage monetary policy for the Eurozone. With its beginnings in Germany in 1998, the ECB's mandate is to maintain price stability in the Eurozone, so that the Euro's (EUR) purchasing power is not eroded by inflation. As an entity independent of individual European Union countries and institutions, the ECB targets a year-on-year increase in consumer prices of 2% over the medium term. Another of its tasks is controlling the money supply. This involves, for instance, setting interest rates throughout the Eurozone. The European Central Bank's work is organized via the following decision-making bodies: the Executive Board, the Governing Council and the General Council. Christine Lagarde has been the President of the ECB since November 1, 2019. Her speeches, statements and comments are an important source of volatility, especially for the Euro and the currencies traded against the European currency. ECB official website, on X and YouTube The Federal Reserve (Fed) The Federal Reserve (Fed) is the central bank of the United States (US) and it has two main targets: to maintain the unemployment rate at its lowest possible levels and to keep inflation around 2%. The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors and the partially appointed Federal Open Market Committee (FOMC). The FOMC organizes eight scheduled meetings in a year to review economic and financial conditions. It also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. The FOMC Minutes, which are released by the Board of Governors of the Federal Reserve weeks after the latest meeting, are a guide to the future US interest-rate policy. Fed official website, on X and Facebook Christine Lagarde Christine Lagarde was born in 1956 in Paris, France. Lagarde, who graduated from Paris West University Nanterre La Défense, became President of the European Central Bank (ECB) on November 1, 2019. Prior to that, she served as Chairman and Managing Director of the International Monetary Fund (IMF) between 2011 and 2019. Lagarde previously held various senior ministerial posts in the Government of France: she was Minister of the Economy, Finance and Industry (2007-2011), Minister of Agriculture and Fishing (2007) and Minister of Commerce (2005-2007). Kevin Warsh Kevin Warsh took office as chairman of the Board of Governors of the Federal Reserve in May 2026, for a four-year term ending in 2030. His term as a member of the Board of Governors will expire in May 2040. Warsh, born in Albany (New York) on April 13, 1970, is an American financier and attorney who already served as a member of the Fed Board of Governors from 2006 to 2011 and was significantly involved in the central bank's response to the financial crisis. Before that, he served as a special assistant to the president for economic policy and the executive secretary of the National Economic Council under President George W. Bush. 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