Forex

Euro Edges Higher Amid Soft US Yields and French Consumer Confidence

Guavy AI Editorial Team Published July 29, 2026

Instruments

EUR USD

The Euro (EUR) experienced price movement against the US Dollar (USD) in the week ending July 29, 2026. The EUR/USD pair was initially pressured by sustained USD demand and investor caution ahead of the Federal Reserve's monetary policy announcement.

However, a retreat in oil prices and softer US Treasury yields contributed to a modest recovery in the Euro. Improved French consumer confidence also played a role in this development.

Market focus remains on upcoming central bank decisions and preliminary German and Eurozone inflation data. The EUR/USD pair is currently trading above its 20-day moving average but below its 50-day and 200-day moving averages, indicating short-term bullish momentum within a broader medium- and long-term bearish trend.

Euro Edges Higher Amid Soft US Yields and French Consumer Confidence

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