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EUR/USD news for August 21, 2026

The euro rallied to three-month highs as a US Treasury bond-buyback plan pressured the dollar, but it later faded below 1.1700 as the greenback rebounded on higher yields and better-than-expected jobless claims. Sentiment was mixed, with traders initially overlooking hawkish Fed minutes before stabilizing the dollar.

How the day unfolded

  1. The Euro rallied to three-month highs against the US Dollar, driven by a US bond-buyback plan and falling Treasury yields that weighed on the greenback. However, the currency pair later pulled back below 1.1700 as the US Dollar rebounded on higher yields, and eased further after US jobless claims beat expectations and the dollar stabilized.

  2. EURUSD initially climbed to three-month highs as the US bond-buyback plan and falling Treasury yields weighed on the dollar, with traders also downplaying hawkish Fed minutes. The pair later faded below 1.1700 as the dollar rebounded on rising yields and stronger jobless claims, easing from those highs. The price action reflects ongoing sensitivity to US bond market moves and data releases.

  3. EUR/USD reached three-month highs near 1.1700 as a US bond-buyback plan weighed on the dollar and traders looked past hawkish Fed minutes. The pair later slipped back below 1.1700 as the dollar steadied, supported by rising yields and better-than-expected jobless claims. Investors remain focused on upcoming PMI data for the next move.

  4. The Euro surged to three-month highs above 1.1700 as a US bond-buyback plan pressured the dollar and Treasury yields, with traders downplaying hawkish Fed minutes. However, the pair later faded back below 1.1700 as the dollar rebounded alongside yields. The moves reflect shifting sentiment around US fiscal policy and interest-rate expectations.

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As of 23:04 UTC

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Not investment advice. For informational purposes only.