The euro traded below $1.14, close to June 2025-lows, under pressure from broad US dollar strength amid expectations that the Fed will raise interest rates later this year following hawkish comments from Fed officials last week. In the Euro Area, the ECB raised interest rates by 25bps this month, in line with expectations. However, ECB President Lagarde said yesterday that the central bank does not need to respond more aggressively to developments stemming from the Middle East conflict, noting that inflation is expected to return to target over the medium term. Markets have since pared back some expectations for additional ECB tightening following Lagarde’s comments, though investors still price in at least one more 25bps hike this year. Meanwhile, weaker economic data added to the cautious outlook. Preliminary PMI readings showed that private sector activity in Germany contracted at the fastest pace since 2024, while the Euro Area also remained in contraction territory.
The EUR/USD exchange rate rose to 1.1395 on June 29, 2026, up 0.10% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.02%, and is down by 3.32% 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 29 of 2026.
The EUR/USD exchange rate rose to 1.1395 on June 29, 2026, up 0.10% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.02%, and is down by 3.32% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.14 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.16 in 12 months time.