The euro edged up to $1.126 after briefly falling to its lowest level in more than a year, as weaker-than-expected US jobs data weighed on the dollar. The US economy added just 29,000 jobs in September, well below expectations of 90,000, boosting expectations that the Fed may keep rates unchanged at its upcoming meeting. Meanwhile, Eurozone inflation accelerated to 3.8%, its highest since September 2023 and well above the ECB’s 2% target, driven largely by higher fuel prices. Despite renewed inflationary pressures, concerns over France’s fiscal outlook continued to weigh on the euro after the government unveiled deficit-reduction plans that the fiscal watchdog described as based on “optimistic” assumptions. Markets also expect the ECB to adopt a gradual approach to monetary tightening. ECB official Isabel Schnabel said the coming months will be key to assessing the energy shock and determining the appropriate level of interest rates, signaling a cautious approach to further tightening.
The EUR/USD exchange rate rose to 1.1252 on October 2, 2026, up 0.09% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 3.22%, and is down by 4.18% 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 October 3 of 2026.
The EUR/USD exchange rate rose to 1.1252 on October 2, 2026, up 0.09% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 3.22%, and is down by 4.18% 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 1.16 in 12 months time.