Euro Surges Against Dollar as Eurozone Growth Outpaces US Slowdown

The EURUSD pair rose by 0.44% to 1.1535 on August 3, 2026, driven by robust Eurozone economic data and a cautious Federal Reserve stance.

Stronger-than-expected Eurozone growth in Q2, with GDP expanding by 0.4% quarter-on-quarter, marked the strongest growth in over a year, signaling a more resilient European economy amid global uncertainties.

The uptick in inflation to 2.9% year-on-year in July further boosted expectations for ECB rate hikes, supporting the euro's appeal relative to the US dollar.