Dollar Strength Pushes EURUSD Below 1.14 Amid Strong US Data and ECB Caution
The EURUSD currency pair dipped to 1.1377 on July 24, 2026, down from 1.1392 the previous day.
This modest decline reflects a complex interplay of macroeconomic forces, with the US dollar gaining ground amid strong economic data and rising Treasury yields.
The S&P Global U.S. Composite PMI rose to 53.6 in July from 51.9 in June, signaling ongoing expansion in the US economy.
Labor market data further bolstered the dollar's appeal, with initial jobless claims for the week ending July 18 coming in at 187,000, well below the consensus estimate of 210,000.
US Treasury yields climbed notably, with the 2-year yield rising by approximately 15 basis points over the week to about 4.33%, and the 10-year yield increasing by around 12 basis points to roughly 4.67%.