{
  "id": 14453854,
  "title": "Euro plunges to 17-month low as hot US inflation fuels Fed rate hike bets",
  "url": "https://urgent.news/2026/10/14/euro-plunges-to-17-month-low-as-hot-us-inflation-fuels-fed-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T13:06:05.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-plunges-to-17-month-low-as-hot-us-inflation-fuels-fed-rate-hike-bets-202610141306"
  },
  "original_language": "en",
  "account": "The US Dollar (USD) gained strength on Wednesday as fresh US inflation data sparked speculation of additional Federal Reserve (Fed) rate hikes. The Euro (EUR) weakened to a 17-month low of 1.1135 against the USD, its lowest since May 2025. This drop occurred after the US Consumer Price Index (CPI) rose by 3.7% year-over-year in September, exceeding market expectations. Core CPI also increased to 2.6% YoY, signaling persistent inflationary pressures in the US economy. This data fueled expectations that the Fed may need to maintain a restrictive monetary policy for longer to control inflation. The prospect of higher interest rates bolstered the USD, while the EUR faced challenges due to fiscal concerns in France.",
  "summary": "EUR/USD extends its decline on Wednesday, losing 0.55% on the day to trade around 1.1135 at the time of writing, its lowest level since May 2025.",
  "key_points": [
    "Euro hits 17-month low at 1.1135 against USD",
    "US inflation data fuels Fed rate hike speculation",
    "Core CPI rises to 2.6% YoY, indicating inflation"
  ],
  "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."
}