EUR/USD news for July 22, 2026
The ECB is widely expected to hold its key rate at 2.25% at its upcoming July meeting, with the Middle East conflict clouding the outlook, though a September rate hike remains under consideration. This policy uncertainty, along with broader geopolitical risks, is a key factor influencing the euro's relative strength against the dollar.
How the day unfolded
The euro is trading against the dollar as markets look ahead to the ECB’s July meeting, while US Treasury yields stabilize amid reassessment of Federal Reserve rate hike bets. German business bankruptcies add a note of caution on eurozone growth, though the broader focus remains on central bank policy divergence.
The euro is being influenced by uncertainty around the ECB’s upcoming July meeting and a recent senior appointment, while the dollar is reacting to an overhaul of the Fed’s preferred inflation gauge and reassessment of rate hike bets. German business bankruptcies are also adding to eurozone growth concerns. These mixed signals from both central banks are keeping EURUSD range-bound.
The European Central Bank is expected to hold its key interest rate at 2.25% at its July meeting, though a September hike remains possible as the Middle East conflict clouds the economic outlook. This rate decision, along with the upcoming Federal Reserve meeting and other global events, is drawing attention for its potential impact on the euro-dollar exchange rate.
Headlines (14)
- Preview - ECB seen holding at 2.25% as Middle East conflict clouds outlook, September hike still in playinvestinglive.com · Jul 20, 23:45 UTC
- Czech central bank chief warns against joining Eurozone too earlywww.ft.com · Jul 21, 04:10 UTC
- Strengthening public finances as a pillar of prosperity in the Slovak Republicoecdecoscope.blog · Jul 21, 09:59 UTC
- July ECB Cheat Sheet: No lull in sightthink.ing.com · Jul 21, 14:15 UTC
- ECB appoints Boris Kisselevsky as Director General Secretariatwww.ecb.europa.eu · Jul 21, 14:26 UTC
- Monetary Policy Radar preview: ECB’s July meetingwww.ft.com · Jul 21, 16:43 UTC
- GOV_EU_DEBT - "Dataset: updated structure and data"ec.europa.eu · Jul 21, 21:05 UTC
- Payments statistics: second half of 2025www.ecb.europa.eu · 08:05 UTC
- Treasury yields flat as traders reassess Fed rate hike betswww.cnbc.com · 09:04 UTC
- A dense week ahead: Fed decision, Big Tech earnings, and month-end crypto expiryblog.kraken.com · 09:31 UTC
- Will surge in German business bankruptcies hit growth?www.dw.com · 10:54 UTC
- What's happening to UK interest rates and what does it mean for mortgages?www.bbc.co.uk · 11:20 UTC
- The digital euro: Surveillance money, or a better alternative to cash?cointelegraph.com · 13:32 UTC
- Fed’s favorite inflation tracker is getting an overhaul — just as the central bank weighs interest-rate hikes. What’s going on?www.marketwatch.com · 15:45 UTC
Scheduled events
As of 22:44 UTC
- 2026-07-22 — Crude Oil Inventories · forecast -2.0M · USD
- 2026-07-22 — President Trump Speaks · USD
- 2026-07-23 — Main Refinancing Rate · forecast 2.40% · EUR
- 2026-07-23 — Monetary Policy Statement · EUR
- 2026-07-23 — Unemployment Claims · forecast 211K · USD
- 2026-07-23 — ECB Press Conference · EUR
- 2026-07-23 — Consumer Confidence · forecast -17 · EUR
- 2026-07-23 — Natural Gas Storage · forecast 29B · USD
Not investment advice. For informational purposes only.