{
  "id": 1380381,
  "title": "Euro strengthens above 1.1550 as Fed rate hike bets fade",
  "url": "https://urgent.news/2026/08/17/euro-strengthens-above-1-1550-as-fed-rate-hike-bets-fade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T00:20:51.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-strengthens-above-11550-as-fed-rate-hike-bets-fade-202608170020"
  },
  "original_language": "en",
  "account": "The Euro strengthened above 1.1550 against the US Dollar on Monday as the Federal Reserve rate hike expectations diminished. US economic data released on Friday revealed a decline in Retail Sales, falling by 0.6% month-over-month in July, below the anticipated 0.1% growth. Annual Retail Sales increased by 5.0% in July, revised from the previous 6.7% figure. This weaker-than-expected data prompted traders to reduce their bets on US Federal Reserve rate hikes, causing the Greenback to weaken against the Euro. The European Central Bank (ECB) President, Christine Lagarde, will provide further insight into the Eurozone's economic outlook during her speech on Wednesday. In the technical analysis, EUR/USD is currently trading above the 100-day simple moving average and the Bollinger Bands' middle line, suggesting a constructive near-term bias. The pair holds above immediate resistance at 1.1635 and faces support at the 100-day SMA and Bollinger middle band. The Euro's strength is bolstered by the region's improving trade balance, with a surplus reported in June following a brief deficit from March to May. Global tensions, particularly concerning energy supply routes, may further bolster the USD's appeal as a safe-haven currency.",
  "summary": "The EUR/USD pair gathers strength to around 1.1575 during the early Asian trading hours on Monday. The US Dollar (USD) edges lower against the Euro (EUR) amid weaker-than-expected US economic data and shifting central bank expectations.",
  "key_points": [
    "Euro strengthens above 1.1550 against US Dollar",
    "US Retail Sales decline 0.6% month-over-month in July",
    "ECB President Christine Lagarde to speak on Wednesday"
  ],
  "editors_take": "The fading expectations of a US Federal Reserve rate hike, fueled by weaker-than-expected US economic data, have weakened the US Dollar and bolstered the Euro's strength against it.",
  "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."
}