
Will the ECB raise interest rates again in 2026?
As inflation remains stubbornly high in the eurozone, the question of another ECB rate hike is resurfacing. We break down the signals.
The most traded pair in the world (24% of daily forex volumes). Here we decode euro moves against the dollar: ECB and Fed decisions, NFP, macro data. Updated continuously.
EUR/USD reacts mainly to 4 factors:
Pro traders watch a few psychological and technical levels:
When these levels break with volume, moves accelerate.
3 basic rules:

As inflation remains stubbornly high in the eurozone, the question of another ECB rate hike is resurfacing. We break down the signals.

The euro-dollar exchange rate has fallen back to 1.1437 after giving up its NFP gains. The market is holding its breath ahead of this week's U.S. inflation report.

The Fed's new chair warns: zero tolerance for inflation above 2%. A clear signal to the markets, which had been anticipating easing.

Disappointing U.S. employment data is causing the dollar to fall and pushing back the prospect of another Fed rate hike. The EUR/USD is benefiting from this.

UBS expects the Fed to hold rates steady despite market expectations of a rate hike. Kevin Warsh downplays the inflation risk, but traders remain hesitant.

Inflation in the eurozone is slowing more than expected. The European Central Bank may adopt a more cautious stance in the coming months.

Bitcoin is holding steady above $60,000 as ETFs see massive outflows and expectations regarding the Fed weigh on market sentiment.

The ECB survey shows that eurozone consumers now expect lower inflation in 2027. This marks a major psychological turning point for the euro and interest rates.

Gold hits its lowest level since November 2025 following the Fed's hawkish signals. The dollar is taking advantage of this to dominate the foreign exchange market.

The yellow metal is losing ground under pressure from a dollar bolstered by expectations of monetary tightening by the Fed.
The U.S. president and the Italian prime minister are trading sharp criticism over Rome's stance on the conflict in Iran. The markets are watching closely.

The New York-based bank is revising its strategy in response to the Federal Reserve's tightening. The markets will have to wait until the fall of 2026 to see rates fall.

The dollar is climbing to its highest level in two months as expectations of a Fed rate hike grow. The Japanese yen is taking a hit.

Gediminas Simkus, a member of the ECB’s Governing Council, announced that at least one more rate hike is on the way. Monetary tightening continues.

The dollar has paused its rally following the announcement of a major peace agreement. The yen remains stable following the BoJ's rate hike.

The Republican Party is concerned about a possible defeat in Texas. Trump has a record war chest of $350 million to turn the tide.

U.S. inflation has surpassed the 4% mark, and analysts predict increasing pressure on Bitcoin and gold. Nervous markets are anticipating a response from the Fed.

Gold has fallen 4% in 24 hours and dropped below $4,150 an ounce. The reason: the Fed’s continued restrictive monetary policy, which is weighing heavily on precious metals.

The dollar has reached its highest level since early April. Markets are now betting that the Federal Reserve will resume raising interest rates.

Gold is losing ground against a dollar bolstered by expectations of a hawkish Fed. The Iran-U.S. crisis is no longer enough to prop up the price of gold.