{
  "id": 10864997,
  "title": "Euro stays pressured below 1.1350, near YTD low vs bullish USD ahead of US PCE, Q2 GDP",
  "url": "https://urgent.news/2026/09/30/euro-stays-pressured-below-1-1350-near-ytd-low-vs-bullish-usd-ahead",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T05:01:21.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-stays-pressured-below-11350-near-ytd-low-vs-bullish-usd-ahead-of-us-pce-q2-gdp-202609300501"
  },
  "original_language": "en",
  "account": "The EUR/USD exchange rate remains pressured below 1.1350, nearing its lowest level since May 2025, as the US Personal Consumption Expenditures (PCE) Price Index and Q2 GDP data approach later in the North American session. Dovish comments from ECB President Christine Lagarde on Tuesday dampened hopes for another rate hike in October, while the US Dollar (USD) stays bullish and near a two-month high. The market's initial reaction to Fed President John Williams' comments on Tuesday, suggesting the US central bank does not need to rush its next move, proved short-lived. Traders still anticipate over a 90% probability of a rate hike by year-end. The US-Iran conflict adds to the safe-haven dollar demand, while hopes for a diplomatic resolution faded after Iran rejected a proposed ceasefire. The geopolitical risk premium remains in favor of USD bulls. Traders may wait for the release of the US PCE Price Index and final Q2 GDP print to determine the path forward, with a renewed focus on the upcoming Nonfarm Payrolls (NFP) report and FOMC speeches. EUR/USD's bearish bias persists, with the 1.1350 support level acting as an immediate hurdle. Should EUR/USD breach the 1.1300 mark, further losses could follow, while any upward movement may only be viewed as a selling opportunity.",
  "summary": "The EUR/USD pair remains under some selling pressure for the third straight day and trades around the 1.1330 region during the Asian session on Wednesday, near its lowest level since May 2025, which it touched the previous day.",
  "key_points": [
    "EUR/USD near 1.1350, year's lowest vs bullish USD",
    "Dovish ECB comments dampen rate hike hopes",
    "US Dollar near two-month high amid Iran conflict"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}