{
  "id": 5277899,
  "title": "Euro: Trading near 1.16 against US Dollar as yields rise – Danske Bank",
  "url": "https://urgent.news/2026/09/03/euro-trading-near-1-16-against-us-dollar-as-yields-rise-danske-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T07:43:16.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-trading-near-116-against-us-dollar-as-yields-rise-danske-bank-202609030743"
  },
  "original_language": "en",
  "account": "The EUR/USD exchange rate is currently trading near 1.16, while European government bond yields are on the rise and US yields are displaying a mixed pattern. Ten-year German yields have increased by approximately 50 basis points since early July, with the yield curve steepening, while US Treasuries have risen nearly 40 basis points, setting the stage for the currency pair. European bond yields surged yesterday, while the US market showed a more varied picture. Ten-year German government bond yields have risen by 50 basis points since early July, whereas US 10-year Treasuries have increased by almost 40 basis points. The German yield curve has steepened between 2-10-year maturities, with the 2-year German bond rising by 40 basis points. The final European service and composite PMIs for August are scheduled for release today, which are expected to corroborate the flash release. The flash services PMI remained unchanged at 51.7 but still exceeded expectations. The final manufacturing PMI, which accounts for 35% of the composite PMI, demonstrated a solid recovery, with Germany taking the lead. The US final services PMI for August came in higher than the previous month, indicating robust demand, rising backlogs, and increased hiring, despite input cost pressures remaining elevated. In the US, the Challenger layoff report for August was released, revealing that layoff announcements were at their lowest levels in two years in July, while levels are already low historically. AI has contributed to around one-third of the layoffs in recent months. US ADP private payrolls increased by 38k in August (consensus: 48k), while the July figure was revised slightly higher to 46k from 44k. Sector details were mixed, with Education & Health Services, Leisure & Hospitality, and Construction showing higher payrolls growth than in July, while Manufacturing and Professional & Business services experienced declines of 17k and 16k, respectively. The release hints at a potential downturn in hiring momentum ahead of Friday's official jobs report, although ADP has historically been a less reliable indicator of the BLS private payrolls estimate. Fed's Waller (voter) is anticipated to speak on the wires. In July, Waller suggested that if core inflation remained high, the FOMC might need to consider tightening policy in the near term.",
  "summary": "Danske Research Team reports that EUR/USD is around the 1.16 level while European government bond yields continue to climb and US yields show a mixed pattern.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro: Downside risk persists toward 1.1550 against US Dollar – UOB",
        "url": "https://urgent.news/2026/09/03/euro-downside-risk-persists-toward-1-1550-against-us-dollar-uob",
        "published": "2026-09-03T06:20:16.000Z"
      }
    ]
  },
  "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."
}