EUR/USD news for August 1, 2026

Eurozone inflation accelerated to 2.9% in July, strengthening the case for the European Central Bank to continue tightening policy. ECB officials emphasize a data-dependent approach, while analysts flag that the September rate path is being shaped by geopolitical risks, including the Iran war. These factors are driving EURUSD as markets adjust to evolving rate expectations.

Updated 19:49 UTC

How the day unfolded

1. 06:02 UTC

   Eurozone inflation rose to 2.9% in July, keeping the ECB's data-dependent policy stance in focus. ECB officials like Kocher emphasized that decisions will depend on incoming data, while analysts note the Iran war is shaping the September rate path. This leaves the euro sensitive to shifts in ECB expectations and broader geopolitical risk sentiment.

Headlines (10)

• US-Iran war looms over Britain’s economy
  www.politico.eu · Jul 30, 14:19 UTC
• Claudia Buch: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
  www.bis.org · Jul 30, 14:30 UTC
• EUR/JPY rallies further above 185.00 against Japanese Yen after BoJ’s policy decision
  www.fxstreet.com · Jul 31, 03:21 UTC
• Euro area bank interest rate statistics: June 2026
  www.ecb.europa.eu · Jul 31, 08:02 UTC
• European Central Bank: September hike path shaped by Iran war – Nomura
  www.fxstreet.com · Jul 31, 08:11 UTC
• ECB publishes results of 2026 geopolitical risk reverse stress test
  www.bankingsupervision.europa.eu · Jul 31, 09:01 UTC
• Eurozone inflation rises to 2.9% in July
  www.ft.com · Jul 31, 09:19 UTC
• ECB’s Kocher: Central bank policies will remain data-dependent
  www.fxstreet.com · Jul 31, 09:28 UTC
• How have interest rate expectations changed after this week's events?
  investinglive.com · Jul 31, 11:00 UTC
• The Bank of England Is Moving Away From Coal
  oilprice.com · 15:02 UTC

Scheduled events

As of 22:49 UTC

• 2026-08-03 — German Retail Sales m/m · forecast -0.4% · EUR
• 2026-08-03 — Spanish Manufacturing PMI · forecast 50.5 · EUR
• 2026-08-03 — Italian Manufacturing PMI · forecast 52.5 · EUR
• 2026-08-03 — French Final Manufacturing PMI · forecast 50.0 · EUR
• 2026-08-03 — German Final Manufacturing PMI · forecast 52.2 · EUR
• 2026-08-03 — Final Manufacturing PMI · forecast 52.0 · EUR
• 2026-08-03 — Final Manufacturing PMI · forecast 53.8 · USD
• 2026-08-03 — ISM Manufacturing Prices · forecast 70.0 · USD