The euro rebounded to around $1.12 from its lowest level in a year and a half, as the US dollar retreated after Federal Reserve officials signaled they could wait for a clearer picture before taking further action. The cautious remarks prompted traders to scale back bets on an October rate hike, offsetting support for the greenback from hotter-than-expected US inflation data. Meanwhile, expectations that the ECB would postpone further rate hikes until December, coupled with concerns that persistent inflation could dampen economic growth, continued to pressure the euro. Fiscal uncertainty in highly indebted countries, particularly France, further clouded the currency's outlook. ECB President Christine Lagarde said energy-driven inflation had yet to spill over into the broader euro-area economy, supporting a cautious approach to monetary policy. However, ECB policymaker Gediminas Šimkus maintained that a rate hike this month remained possible if needed.
The EUR/USD exchange rate rose to 1.1218 on October 15, 2026, up 0.55% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.15%, and is down by 4.01% 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 15 of 2026.
The EUR/USD exchange rate rose to 1.1218 on October 15, 2026, up 0.55% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.15%, and is down by 4.01% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.12 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.14 in 12 months time.