{
  "id": 2051441,
  "title": "Euro edges lower below 1.1700 despite fading Fed hike odds",
  "url": "https://urgent.news/2026/08/20/euro-edges-lower-below-1-1700-despite-fading-fed-hike-odds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T01:03:21.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-edges-lower-below-11700-despite-fading-fed-hike-odds-202608200103"
  },
  "original_language": "en",
  "account": "The Euro (EUR) slipped below 1.1700 against the US Dollar (USD) on Thursday, despite fading expectations of a Federal Reserve (Fed) interest rate hike. The EUR/USD pair dropped around 1.1675 during the early Asian session. The Greenback benefited from softer US economic data and Federal Reserve minutes, which suggested that a rate increase might not be imminent without further progress in reducing inflation. The US central bank maintained the benchmark interest rate between 3.5%-3.75% following the July policy meeting, with dissenters urging for quicker action to align inflation with the Fed's 2% target. Recent data showed modest monthly price increases, but all major indicators still displayed inflation well above the target. As market expectations for a Fed rate hike at the upcoming meeting decreased to 32.7%, from 47% a month earlier, the Euro gained a tailwind. Meanwhile, the European Central Bank (ECB) was expected to maintain its hiking cycle, with a 25 basis point (bps) increase to 2.50% at the September 9 policy meeting. Analysts noted that improved growth expectations in the Eurozone were validating the initial rate re-pricing driven by higher inflation. EUR/USD remained bullish in the near term, with the pair trading above the 100-day simple moving average and the Bollinger middle band. The immediate resistance lay at the upper Bollinger band at 1.1685, while support was found at 1.1675 and the 100-day SMA near 1.1570.",
  "summary": "The EUR/USD pair posts modest losses around 1.1675 during the early Asian session on Thursday. The Euro (EUR) edges lower against the US Dollar (USD) after experiencing a sharp surge in the previous session.",
  "key_points": [],
  "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."
}