{
  "id": 9569593,
  "title": "Euro hovers near two-month low as hawkish Fed outlook weighs",
  "url": "https://urgent.news/2026/09/24/euro-hovers-near-two-month-low-as-hawkish-fed-outlook-weighs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T14:24:36.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-hovers-near-two-month-low-as-hawkish-fed-outlook-weighs-202609241424"
  },
  "original_language": "en",
  "account": "The euro sank near a two-month low on Thursday as investors continue to favor the US dollar, buoyed by expectations of another Federal Reserve interest rate hike. The EUR/USD pair traded around 1.1372, slipping for a fourth day straight. The US Dollar Index reached a two-month high earlier Thursday at 101.35. Markets anticipate a potential Fed rate increase in October, following two consecutive 25-basis-point hikes. Strong US PMI data and hawkish Fed statements have fueled this belief, with the probability of a rate hike at 65% according to the CME FedWatch Tool, up from 55% a week prior. Recent U.S. labor market data indicated a rise in initial jobless claims to 197K, below forecasts of 201K. Cleveland Fed President Beth Hammack emphasized price stability as central banks' responsibility, highlighting supply shocks as a current hurdle for Fed policy. Higher inflation expectations, driven by elevated oil prices, have fueled US Treasury yields near multi-year highs, currently at 5.10% and pushing the dollar higher. Meanwhile, the German Ifo business climate index exceeded expectations, offering some support to the euro, but the overall strength of the US dollar keeps it under pressure. ECB policymaker Dimitar Radev stated that the central bank should give recent decisions time to work and stressed that the latest rate increase \"doesn't put us on a predetermined path.\" He added that policymakers are not anticipating broad-based second-round effects, though upside inflation risks and potential downside growth risks remain.",
  "summary": "EUR/USD hovers near a two-month low on Thursday as expectations of another Federal Reserve (Fed) interest-rate hike keep the US Dollar (USD) firmly supported. At the time of writing, the pair trades around 1.1372, remaining on the back foot for a fourth consecutive day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver price falls as Fed hawkish outlook drives US yields higher",
        "url": "https://urgent.news/2026/09/24/silver-price-falls-as-fed-hawkish-outlook-drives-us-yields-higher",
        "published": "2026-09-24T12:45:36.000Z"
      }
    ]
  },
  "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."
}