The euro held steady at $1.17 against the dollar, its weakest level in two weeks, as tensions in the Strait of Hormuz persisted and diplomatic efforts stalled. With no new peace talks scheduled, the US and Iran remain at odds over control of the critical waterway. President Trump extended the April 7 truce indefinitely, pending a new Iranian proposal, but Tehran has ruled out immediate negotiations, pushing Brent crude above $103 per barrel and deepening economic uncertainty. New data showed the Eurozone’s private sector contracted in April at the fastest pace since November 2024, as the Iran war drove up energy costs, hurting consumer demand and the services sector. Meanwhile, Germany’s Economics Ministry halved its 2026 growth forecast, blaming the energy shock from the Middle East conflict.
The EUR/USD exchange rate fell to 1.1696 on April 23, 2026, down 0.08% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.77%, and is up by 2.68% 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 April 23 of 2026.
The EUR/USD exchange rate fell to 1.1696 on April 23, 2026, down 0.08% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.77%, and is up by 2.68% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.20 in 12 months time.