Forex

EUR/USD Holds Steady Ahead of ECB Rate Hike Decision

Guavy AI Editorial Team Published September 7, 2026

Instruments

EUR USD

The EUR/USD currency pair held steady at around 1.1600 on Monday, following a range of just 28 pips.

This stability comes despite an expected rate hike from the European Central Bank (ECB), with all 65 economists in the Reuters poll predicting an increase to 2.5% and 2.65% for the deposit rate and main refinancing rate respectively.

The market is pricing a third hike to 2.75%, but the surveyed economists do not share this view.

The Wire

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