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EUR/USD news for August 4, 2026

Euro holds above 1.1500 against the dollar as hopes for reopening the Strait of Hormuz and softer US jobs data weigh on the greenback. A collapse in oil prices adds to a generally risk-on tone, while a coordinated JPY intervention shifts the broader FX landscape. These factors are helping underpin the euro for now.

How the day unfolded

  1. EURUSD is fluctuating as traders weigh the latest headlines, with the euro paring gains amid a lack of clarity on US-Iran talks and Federal Reserve monetary policy. A White House official's comment that US inflation numbers have been 'fantastic' adds to Fed uncertainty, which ING notes limits the euro's upside against the dollar. These factors, combined with broader risk sentiment from the oil price decline, are keeping the pair's direction tied to geopolitical and central bank expectations.

  2. The Euro is under pressure against the U.S. Dollar as the greenback holds gains amid Middle East uncertainty and rising odds of a hawkish Federal Reserve. Geopolitical tensions are keeping the USD supported, which weighs on EURUSD.

  3. EUR/USD surged above 1.15, helped by yen intervention and ECB tightening expectations, while geopolitical uncertainty and a risk-on tone influenced market flows. The euro also held ground as Eurozone growth data offset oil-driven gains in other currencies. Focus is now shifting back to fundamentals.

  4. The Euro advanced against the Dollar, with EUR/USD holding above 1.15, supported by a broader risk-on tone and reports of coordinated yen intervention that shifted focus away from immediate geopolitical concerns. Softer US jobs data and expectations of further ECB tightening also underpinned the Euro, while reopening hopes in the Hormuz region added to the constructive mood.

Headlines (26)

Scheduled events

As of 23:26 UTC

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Not investment advice. For informational purposes only.