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EURUSD Slips Below 1.16 as Hawkish Fed Offsets Eurozone Inflation Surge

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The Story

News Summary

  • The euro dipped below $1.16 as traders weighed surging Eurozone inflation against hawkish Fed sentiment.
  • While August Eurozone inflation climbed to 3.3% raising ECB hike bets, the US dollar gained broad support from expectations of a Federal Reserve rate hike.
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Stored market data

EURUSD price history

1.16 +0.00% over the displayed period

Advisor Snapshot

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