EUR/USD news for August 28, 2026

EURUSD has been caught between opposing central bank signals, slipping below 1.1650 after US inflation data (PCE) boosted the dollar, while a hawkish ECB bias gradually shifting toward a September rate hike provided support. The pair trimmed intraday losses as traders weighed these Fed-ECB interest rate outlooks, with bond yields also in focus after comments from Warsh. Key technical levels around 1.1650 are in play as the market adjusts to the latest rate expectations.

Updated 21:05 UTC

How the day unfolded

1. 00:05 UTC

   EURUSD has been yo-yoing around the 1.1650 level, pressured by a firmer US dollar after hotter-than-expected inflation data (PCE) reinforced Fed policy expectations, yet supported by a hawkish ECB stance that has markets leaning toward a possible September rate hike. The pair is being driven by traders weighing the diverging interest rate outlooks of the Fed and the ECB.

2. 18:05 UTC

   The Euro is trading around 1.1650 against the US Dollar, pressured by a stronger dollar after US inflation data (PCE) surprised to the upside, but supported by growing expectations that the ECB will hike rates in September. Traders are weighing the divergent monetary policy outlooks ahead of the Jackson Hole symposium.

Headlines (11)

• EUR/USD Rally Tests the Limits of Fed-ECB Policy Convergence
  www.investing.com · Aug 26, 17:41 UTC
• Euro holds gains above 1.1650 on hawkish ECB bias
  www.fxstreet.com · Aug 27, 00:57 UTC
• Euro: Lower against US Dollar after PCE surprise – Danske Bank
  www.fxstreet.com · Aug 27, 06:49 UTC
• Euro retreats below 1.1650 as inflation data buoys US Dollar ahead of Jackson Hole
  www.fxstreet.com · Aug 27, 10:16 UTC
• Kickstart the NA session with a technical look at the EURUSD, USDJPY and GBPUSD: Key levels in play
  investinglive.com · Aug 27, 12:16 UTC
• ECB Minutes: Hawks Push for More Tightening as July Pause Leaves Door Open
  www.actionforex.com · Aug 27, 12:23 UTC
• ECB is gradually shifting towards a September rate hike
  think.ing.com · Aug 27, 12:24 UTC
• Euro trims intraday losses as traders weigh Fed-ECB interest rate outlooks
  www.fxstreet.com · Aug 27, 13:37 UTC
• What are the main events for today?
  investinglive.com · 06:31 UTC
• How have interest rate expectations changed after this week's events?
  investinglive.com · 11:01 UTC
• U.S. Stocks Fall After Warsh Speech Boosts Bond Yields
  www.wsj.com · 20:44 UTC

Scheduled events

As of 21:05 UTC

• 2026-08-28 — German Import Prices m/m · forecast 0.3% · EUR
• 2026-08-28 — French Consumer Spending m/m · forecast 0.1% · EUR
• 2026-08-28 — French Prelim CPI m/m · forecast 0.7% · EUR
• 2026-08-28 — French Prelim GDP q/q · forecast 0.2% · EUR
• 2026-08-28 — French Final Private Payrolls q/q · forecast -0.1% · EUR
• 2026-08-28 — Spanish Flash CPI y/y · forecast 4.2% · EUR
• 2026-08-28 — German Unemployment Change · forecast 4K · EUR
• 2026-08-28 — Italian 10-y Bond Auction · EUR