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EUR/USD news for August 12, 2026

The euro is hovering below 1.1550 against the dollar, pressured by fading hopes for a swift US-Iran peace deal and subdued German inflation data. Traders are now focused on the upcoming US CPI report, with the dollar having recovered its earlier losses as markets await that data.

How the day unfolded

  1. The euro is holding gains near seven-week highs as weaker U.S. jobs data prompt traders to price in Federal Reserve rate cuts, which tends to undermine the dollar. However, upside for EURUSD is limited by safe-haven demand for the dollar on Middle East tensions and a surge in oil prices, while markets now wait on the U.S. CPI report for near-term direction.

  2. EURUSD is holding near seven-week highs, supported by a weaker dollar after soft US jobs data prompted Fed repricing expectations. However, gains are capped as traders await key US CPI and German HICP figures, while geopolitical tensions around the US-Iran situation and surging oil prices lend some support to the dollar. The pair is consolidating below the mid-1.1500s ahead of these data releases.

  3. EURUSD holds near seven-week highs, supported by weak US jobs data that spurred Fed repricing and improved euro-area economic sentiment. However, gains are limited as markets await the US CPI report and as oil-driven USD firmness and waning hopes for a US-Iran peace deal cap the pair. The outcome of the inflation data will likely set the near-term direction.

  4. EURUSD is trading below 1.1550, with fading hopes for a swift US-Iran peace deal and rising oil prices on Hormuz lending strength to the US Dollar. The Euro has been subdued following German inflation data, while market participants await the crucial US CPI report. According to Societe Generale, Fed repricing could support Euro gains against the Dollar, but the immediate focus remains on inflation cues.

  5. EURUSD is trading below 1.1550 as fading hopes for a swift US-Iran deal and a firming US dollar weigh on the pair. German inflation data left the euro subdued, while traders await the crucial US CPI report for further direction. A surge in oil prices due to Hormuz tensions is also supporting the dollar against the euro.

  6. The Euro is trading below 1.1550 against the US Dollar, pressured by subdued German inflation data and waning hopes for a swift US-Iran peace deal. Meanwhile, the US Dollar is broadly firmer as markets await the crucial US CPI report, with oil prices surging on Hormuz tensions also lending support to the greenback. This puts the EURUSD pair in a holding pattern as traders position ahead of the key inflation data.

  7. The euro remains subdued, trading below 1.1550 against the dollar, as softer German inflation data and waning hopes for a swift US-Iran peace deal keep pressure on the pair. Market attention is centered on the US CPI report, which initially boosted the dollar before the currency gave back gains as the data met expectations. Meanwhile, rising oil prices due to Hormuz tensions add to the mixed backdrop for EURUSD.

  8. EURUSD traded below 1.1550 as optimism over a quick US-Iran peace deal faded, while German inflation data added to the euro's subdued tone. The US dollar strengthened in anticipation of the US CPI report, then moved lower after the data matched expectations, leaving the pair consolidating in the mid-1.1500s. Market attention remains on inflation metrics and their potential policy implications.

  9. The euro is trading below 1.1550 against the dollar, with headlines citing fading hopes for a swift US-Iran peace deal and subdued German inflation data. The US dollar has seen volatility tied to the awaited US CPI report, which came in as expected and prompted a retracement of earlier declines. The euro consolidates below mid-1.1500s ahead of German HICP and US CPI data releases.

  10. The euro is trading below 1.1550 against the dollar as fading hopes for a swift US-Iran peace deal and subdued German inflation data keep it under pressure. Traders are also positioning ahead of the crucial US CPI report, which has boosted the greenback. Any euro gains from a soft US CPI print have been quickly reversed.

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Not investment advice. For informational purposes only.