Macroeconomic conditions in the U.S. States and Europe set the course for EUR/USD
September 2026
The dollar is moderating its trend after two months of consolidation, allowing the EUR/USD pair to hold above 1.16. U.S. employment and inflation data States are easing pressure on the greenback, while the ECB’s rate hike to 2.50% is providing support for the euro. Although energy market instability in the Strait of Hormuz is keeping the dollar in its safe-haven role, market estimates point to moderately bullish performance for the pair over the coming months.