Macroeconomic factors and interest rates are stabilizing the EUR/USD
July 2026
The consolidation of the dollar after its one-year highs places the EUR/USD pair in the 1.14 - 1.1460 range. The moderation of employment in the US States dampens expectations of aggressive rate hikes by the Fed, reducing pressure on the greenback. In Europe, attention is focused on underlying inflation and the ECB's next steps, key factors that will determine the path to a gradual recovery of the European currency.