The euro erased early gains to trade below $1.16, hitting its lowest level since April 6 and heading for a 0.7% weekly loss, as investors flocked to the US dollar after stronger-than-expected US jobs data. Nonfarm payrolls surged by 172,000 in May, nearly double the forecasted 85,000, prompting markets to fully price in a Federal Reserve interest rate hike by year-end. At the same time, investors braced for a likely European Central Bank rate hike next week, while cautiously eyeing potential progress in Middle East resolution efforts. Markets now see a near-certain 25-basis-point ECB rate increase at the June 11 meeting, with two or possibly three hikes expected this year. This follows data showing euro-area inflation rose to 3.2% in May, its highest in over two and a half years. However, uncertainty lingers after Eurozone GDP figures were revised to show a contraction in Q1 2026, the first since late 2022 and the steepest since mid-2020.

The EUR/USD exchange rate rose to 1.1533 on June 8, 2026, up 0.09% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.13%, but it's up by 0.98% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on June 8 of 2026.

The EUR/USD exchange rate rose to 1.1533 on June 8, 2026, up 0.09% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.13%, but it's up by 0.98% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.15 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.18 in 12 months time.



Crosses Price Day Year Date
EURUSD 1.1532 0.0010 0.09% 0.97% Jun/08
EURGBP 0.8645 0.0006 0.07% 2.58% Jun/08
EURAUD 1.6364 0.0017 0.11% -6.63% Jun/08
EURNZD 1.9870 -0.0007 -0.04% 5.28% Jun/08
EURJPY 184.8830 0.1825 0.10% 11.96% Jun/08
EURCNY 7.8256 0.0031 0.04% -4.60% Jun/08
EURCHF 0.9188 0.0012 0.13% -2.11% Jun/08
EURCAD 1.6081 0.0020 0.13% 2.78% Jun/08
EURMXN 20.1270 -0.0235 -0.12% -7.46% Jun/08
EURINR 109.7730 -0.0724 -0.07% 12.29% Jun/08
EURIDR 20,931.1214 81.2721 0.39% 12.57% Jun/08
EURPLN 4.2436 0.0055 0.13% -0.66% Jun/08
EURSEK 10.9136 0.0461 0.42% -0.45% Jun/08
EURCZK 24.1958 0.0024 0.01% -2.40% Jun/08
EURHUF 355.6850 1.1595 0.33% -11.49% Jun/08
EURNOK 10.8856 -0.0013 -0.01% -5.30% Jun/08
EURZAR 19.0968 0.0224 0.12% -5.67% Jun/08
EURBRL 5.9504 0.0712 1.21% -6.97% Jun/05
EURRUB 85.5481 0.3277 0.38% -4.79% Jun/05
EURKRW 1,794.8822 15.2052 0.85% 15.69% Jun/05
 Currencies
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Related Last Previous Unit Reference
Euro Area Inflation Rate 3.20 3.00 percent May 2026
United States Inflation Rate 3.80 3.30 percent Apr 2026
Euro Area Interest Rate 2.15 2.15 percent May 2026
United States Fed Funds Interest Rate 3.75 3.75 percent May 2026
United States Non Farm Payrolls 172.00 179.00 Thousand May 2026
United States Unemployment Rate 4.30 4.30 percent May 2026
Euro Area Unemployment Rate 6.30 6.30 percent Apr 2026

Euro US Dollar Exchange Rate - EUR/USD
The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
1.15 1.15 1.87 0.64 1957 - 2026 Daily

News Stream
Euro Slides Toward 0.7% Weekly Loss
The euro erased early gains to trade below $1.16, hitting its lowest level since April 6 and heading for a 0.7% weekly loss, as investors flocked to the US dollar after stronger-than-expected US jobs data. Nonfarm payrolls surged by 172,000 in May, nearly double the forecasted 85,000, prompting markets to fully price in a Federal Reserve interest rate hike by year-end. At the same time, investors braced for a likely European Central Bank rate hike next week, while cautiously eyeing potential progress in Middle East resolution efforts. Markets now see a near-certain 25-basis-point ECB rate increase at the June 11 meeting, with two or possibly three hikes expected this year. This follows data showing euro-area inflation rose to 3.2% in May, its highest in over two and a half years. However, uncertainty lingers after Eurozone GDP figures were revised to show a contraction in Q1 2026, the first since late 2022 and the steepest since mid-2020.
2026-06-05
Euro Hits 8-week Low
EURUSD decreased to 1.16, the lowest since April 2026. Over the past 4 weeks, Euro US Dollar lost 1.46%, and in the last 12 months, it increased 1.59%.
2026-06-05
Euro Rises as Markets Anticipate ECB Tightening
The euro climbed further above $1.16 as investors prepared for a likely European Central Bank interest rate hike next week, while maintaining cautious optimism about a potential Middle East resolution. Markets now price in a near-certain 25-basis-point ECB rate increase at the June 11 meeting, with two or possibly three hikes expected this year. This follows data showing euro-area inflation hit 3.2% in May, its highest in over two and a half years, with core and services inflation accelerating, signaling broadening price pressures beyond energy. However, uncertainty remains as policymakers balance high inflation with sluggish economic growth. ECB hawk Isabel Schnabel cautioned on Monday that it is premature to specify the number of rate hikes needed. Meanwhile, US-Iran negotiations continued, and military clashes between Lebanon and Israel persisted despite a pending US-brokered ceasefire.
2026-06-05