Euro surges past 1.1600 as Fed rate cut bets weigh on Greenback

Fonte Fxstreet
  • The Euro rises sharply against the US Dollar, with EUR/USD climbing above the 1.1600 mark.
  • The US Dollar Index slides to 98.34, its lowest since July 28, amid broad USD weakness.
  • Minneapolis Fed President Kashkari supports two cuts this year, citing a slowing economy and cooling labor market.

The Euro (EUR) trades with a positive bias against the US Dollar (USD) on Wednesday, with EUR/USD extending gains above the 1.1600 level, marking its highest level in over a week. The move comes as the Greenback faces renewed selling pressure, driven by mounting speculation that the Federal Reserve (Fed) will resume easing monetary policy in September amid a weakening US economic outlook.

At the time of writing, the EUR/USD pair is trading around 1.16300 during American trading hours, up nearly 0.50% on the day. Meanwhile, the US Dollar Index (DXY), which tracks the value of the Greenback against a basket of six major currencies, is hovering near 98.34, falling beneath the lower end of its post-Nonfarm Payrolls (NFP) range and hitting its lowest level since July 28.

Weak US economic data and cautious remarks from Fed officials have revived expectations of a more dovish policy stance, exerting fresh pressure on the US Dollar. Disappointing figures, most notably the Nonfarm Payrolls (NFP) report and the ISM Services PMI, have cast doubt on the resilience of the world’s largest economy. As a result, market participants are increasingly confident that the Fed could begin lowering interest rates as early as next month. According to the CME FedWatch Tool, the probability of a September rate cut has surged above 90%, while markets are also pricing in a 58% chance of a second cut in October, and around 46% by December.

Adding weight to those expectations, Minneapolis Fed President Neel Kashkari said on Wednesday the US economy is slowing, citing signs of a cooling labor market. Speaking to CNBC, Kashkari reiterated that two rate cuts this year remain appropriate, and suggested it may be time to begin adjusting policy rates in the near term. He also flagged uncertainty around the inflationary impact of recently proposed tariffs, stating it is “still not clear” how they will filter through to broader price pressures.

While the Fed is now seen as nearly certain to cut rates, the ECB remains far more cautious, with markets assigning only around a 60% probability of another rate cut before March 2026. This has opened the door for fresh Euro gains, especially as the European Central Bank (ECB) maintains a cautious approach to policy easing. The ECB left its key interest rates unchanged at its July meeting, pausing its year-long rate-cutting cycle after delivering eight consecutive reductions.

A Reuters poll conducted August 1–5 shows analysts predicting EUR/USD could rise to $1.17 by October, and possibly $1.20 within a year.

Adding to the uncertainty, investors are closely watching US President Donald Trump’s anticipated nomination to fill the vacancy left by Fed Governor Adriana Kugler’s surprise resignation last week. Speculation is building that Trump may appoint someone positioned to succeed Jerome Powell when his term as Fed Chair ends.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.52% -0.36% -0.10% -0.22% -0.50% -0.46% -0.14%
EUR 0.52% 0.15% 0.41% 0.30% 0.11% 0.02% 0.38%
GBP 0.36% -0.15% 0.28% 0.15% -0.05% -0.14% 0.28%
JPY 0.10% -0.41% -0.28% -0.11% -0.42% -0.45% 0.03%
CAD 0.22% -0.30% -0.15% 0.11% -0.18% -0.29% 0.13%
AUD 0.50% -0.11% 0.05% 0.42% 0.18% -0.09% 0.32%
NZD 0.46% -0.02% 0.14% 0.45% 0.29% 0.09% 0.42%
CHF 0.14% -0.38% -0.28% -0.03% -0.13% -0.32% -0.42%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).




Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
placeholder
Nvidia e AMD entregarão 15% da receita de chips da China para os EUAA Nvidia e a AMD darão ao governo dos EUA 15% da receita de vendas de certos chips na China.
Autor  Cryptopolitan
5 horas atrás
A Nvidia e a AMD darão ao governo dos EUA 15% da receita de vendas de certos chips na China.
placeholder
ETH rompe US$ 4.000, BlackRock descarta XRP ETF e Saylor prevê migração do ouro para BitcoinO mercado de Ethereum viveu um dia de fortes emoções nesta sexta-feira (8/8). A criptomoeda rompeu a barreira dos US$ 4.000 pela primeira vez em meses, mas a euforia foi acompanhada por movimentações atípicas que despertaram atenção de traders e analistas.
Autor  Pedro Augusto Prazeres
4 horas atrás
O mercado de Ethereum viveu um dia de fortes emoções nesta sexta-feira (8/8). A criptomoeda rompeu a barreira dos US$ 4.000 pela primeira vez em meses, mas a euforia foi acompanhada por movimentações atípicas que despertaram atenção de traders e analistas.
placeholder
Ibovespa recua com Petrobras, mas fecha semana em alta; Lojas Renner e Suzano movimentam o pregãoO Ibovespa encerrou o pregão desta sexta-feira (8/8) em queda de 0,45%, aos 136.091,67 pontos, após uma sessão marcada por baixa volatilidade e movimentos restritos. Apesar da perda no dia, o principal índice da Bolsa brasileira acumulou um ganho de 2,62% na semana e 2,14% no mês, somando valorização de 12,99% no ano.
Autor  Pedro Augusto Prazeres
4 horas atrás
O Ibovespa encerrou o pregão desta sexta-feira (8/8) em queda de 0,45%, aos 136.091,67 pontos, após uma sessão marcada por baixa volatilidade e movimentos restritos. Apesar da perda no dia, o principal índice da Bolsa brasileira acumulou um ganho de 2,62% na semana e 2,14% no mês, somando valorização de 12,99% no ano.
placeholder
ONDV11 estreia na B3 e Patria Investimentos reorganiza gestão dos seus FIIsO mercado de fundos imobiliários brasileiro ganhou um novo integrante nesta sexta-feira (8/8) com a estreia do ONDV11, fundo gerido pela Onda Invest, que iniciou suas negociações na B3 já com números expressivos.
Autor  Pedro Augusto Prazeres
4 horas atrás
O mercado de fundos imobiliários brasileiro ganhou um novo integrante nesta sexta-feira (8/8) com a estreia do ONDV11, fundo gerido pela Onda Invest, que iniciou suas negociações na B3 já com números expressivos.
placeholder
O preço do Ethereum subiu acima de US$ 4.300 e pode ultrapassar Bitcoin em valor dentro de um anoA participação do Bitcoinno mercado de criptomoedas está caindo, enquanto Ethereum ultrapassou US$ 4.300, levando muitos especialistas a prever que ele poderia ultrapassar o BTC em valor dentro de um ano.
Autor  Cryptopolitan
4 horas atrás
A participação do Bitcoinno mercado de criptomoedas está caindo, enquanto Ethereum ultrapassou US$ 4.300, levando muitos especialistas a prever que ele poderia ultrapassar o BTC em valor dentro de um ano.
goTop
quote