EUR Market Update
24 Jun 2026 • 00:27 GMT
The euro continues to face downward pressure against the US dollar, with the EUR/USD exchange rate near 90-day lows around 1.138. This decline comes amid increasing expectations of further Federal Reserve interest rate hikes, which have strengthened the dollar. The euro’s recent struggle stems from a wide yield gap and slower economic growth in the eurozone, despite the European Central Bank’s rate hike to 2.25%.
Meanwhile, the dollar's strength is also supported by safe-haven demand and positive US economic data, including stronger manufacturing and services activity. Investors remain cautious and are awaiting upcoming economic reports, which could influence the dollar’s next move.
Although the euro has fallen against the dollar, it remains relatively stable against the British pound and other currencies, trading near 90-day lows against GBP and at modest levels against JPY. Market participants are closely watching upcoming economic indicators and central bank signals, as any signs of eurozone resilience or US rate change prospects could lead to a shift in these trends. The euro may remain under pressure in the near term unless economic conditions or policy outlooks improve.
📊 Quick forecast view
🟢 Mild upside
1.1380 – 1.1580
🌍 Global risk sentiment
🔴 Downtrend
