EURUSDEuro / US Dollar
1.1631
-0.73%
SUPPORT:1.15971.1529
RESISTANCE:1.16651.1733
Past
What happened
EUR/USD slid 85 pips to 1.1631 as a 1.4% monthly PPI shock (vs +0.4% expected) jolted Treasury yields and pulled the dollar bid into Powell's final day at the Fed.
Why
Why it matters
ECB is now priced for ~3 hikes while the Fed is on hold — that gap should support EUR, but a 6% YoY US PPI print is rewriting the 'higher-for-longer' trade in the dollar's favor for now.
Watch
What to watch
1.1565 (last week's pivot) is the line; a hold reopens 1.1700. Warsh's first comments as incoming Fed chair are the bigger catalyst — any hawkish nod cracks the floor.
HEADLINES
- Dollar strengthens after data with Trump-Xi summit under wayReuters
- The Euro’s Next Move Will Make or Break FIDI’s 2026 Returns24/7 Wall St.
- Sterling Today: Pound jumps as dollar sells off on Iran-Hormuz deal hopesInvesting.com
- Oil Shock + Hawkish Fed = Major EUR/USD Downside? Don't Miss These Trading OpportunitiesBarchart
- Eurozone inflation hits 3% as oil prices spike and economic growth slowsEuronews