The euro steadied just above $1.15, close to its weakest level since April 3, as renewed Middle East tensions stoked fears of a prolonged Iran conflict, exacerbating inflation concerns and dampening growth prospects. Brent crude surged over 4% after Iran and Israel exchanged missile strikes, despite calls from President Trump for both sides to cease hostilities and pursue peace talks. Investors also braced for a likely European Central Bank rate hike this week, with traders now pricing in three increases for the ECB and fully expecting the first hike as soon as June 11. This follows data showing euro-area inflation rose to 3.2% in May, its highest in over two and a half years. However, uncertainty lingers after Eurozone GDP figures were revised to show a contraction in Q1 2026, the first since late 2022 and the steepest since mid-2020.
The EUR/USD exchange rate rose to 1.1531 on June 9, 2026, up 0.03% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.14%, but it's up by 0.94% 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 June 9 of 2026.
The EUR/USD exchange rate rose to 1.1531 on June 9, 2026, up 0.03% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.14%, but it's up by 0.94% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.15 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.18 in 12 months time.