{
  "id": 6712238,
  "title": "Euro struggles near 1.1600 vs USD as Fed hike bets and hawkish ECB clash ahead of US CPI",
  "url": "https://urgent.news/2026/09/11/euro-struggles-near-1-1600-vs-usd-as-fed-hike-bets-and-hawkish-ecb",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T05:09:38.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-struggles-near-11600-vs-usd-as-fed-hike-bets-and-hawkish-ecb-clash-ahead-of-us-cpi-202609110509"
  },
  "original_language": "en",
  "account": "On Thursday, the EUR/USD currency pair experienced some selling pressure, remaining around the 1.1600 level. Traders are closely watching the upcoming US Consumer Price Index (CPI) report, which will provide insights into the Federal Reserve's policy stance and impact the value of the US Dollar (USD). Meanwhile, the US Producer Price Index (PPI) highlighted persistent inflationary pressures and increased the likelihood of a September Fed rate hike. The ongoing tensions between the US and Iran, along with the seizure of the Red Sea city of Mocha by Iran-backed Houthis, further support the safe-haven USD and put downward pressure on the EUR/USD pair. The ECB's decision to raise interest rates for the second time in 2023 and express concerns about prolonged inflationary pressures has also added to the EUR's appeal, providing some support to the currency. The pair currently trades above the 200-period Exponential Moving Average (EMA) at 1.1585, but the upside momentum is weakening as it nears the 23.6% Fibonacci retracement level at 1.1627. A sustained break above this level could reignite bullish sentiment, while a drop below the 200 EMA would signal a more significant bearish move.",
  "summary": "The EUR/USD pair remains under some selling pressure for the second straight day on Thursday, though it lacks follow-through and holds above the weekly low, which it touched the previous day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro flatlines above 1.1600 despite ECB hawkish hike, traders brace for US CPI data",
        "url": "https://urgent.news/2026/09/11/euro-flatlines-above-1-1600-despite-ecb-hawkish-hike-traders-brace",
        "published": "2026-09-11T00:42:21.000Z"
      }
    ]
  },
  "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."
}