{
  "id": 7338994,
  "title": "Euro tumbles to one-month low as Fed rate hike bets dominate",
  "url": "https://urgent.news/2026/09/14/euro-tumbles-to-one-month-low-as-fed-rate-hike-bets-dominate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T14:33:34.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-tumbles-to-one-month-low-as-fed-rate-hike-bets-dominate-202609141433"
  },
  "original_language": "en",
  "account": "The US Dollar (USD) experienced a surge on Monday, driven by expectations of a potential Federal Reserve (Fed) interest rate hike at their upcoming meeting on September 15-16. The Euro (EUR) struggled, falling to its lowest level in a month against the USD. This drop coincided with the release of a US inflation report showing a sharp increase in headline Consumer Price Index (CPI) for August. The core CPI also rose at its fastest pace in four months. In response, traders adjusted their positions, with the US Dollar Index (DXY) climbing to its highest level in over a year. Experts noted that recent data, including rising oil prices and Fed hawks' statements, have fueled the USD's strength. The Fed's primary mandate is to maintain price stability and full employment, with interest rates as their main tool. When inflation rises above the 2% target, the Fed raises rates, strengthening the USD. Should inflation fall below 2% or unemployment become too high, the Fed may lower rates, weakening the Dollar. The Federal Open Market Committee (FOMC), comprising twelve Fed officials, meets eight times a year to assess economic conditions and determine monetary policy.",
  "summary": "EUR/USD trades under pressure on Monday, with the Euro (EUR) losing around 0.55% against the US Dollar (USD). The Greenback strengthens across the board as traders position for a possible Federal Reserve (Fed) interest rate hike at the September 15-16 monetary policy meeting.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "The Dollar Index climbs on Fed hike bets and stalls at its usual ceiling",
        "url": "https://urgent.news/2026/09/14/the-dollar-index-climbs-on-fed-hike-bets-and-stalls-at-its-usual",
        "published": "2026-09-14T16:22:13.000Z"
      }
    ]
  },
  "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."
}