The euro weakened below $1.12, moving closer to a 17-month low of $1.116 touched earlier this week, as elevated energy prices, rising inflation and interest rate expectations, and fiscal concerns, particularly in France, continued to weigh on sentiment. Markets now price roughly 75 basis points of ECB and 85 basis points of Fed tightening by the end of next year, as oil prices rebounded after Iran intensified attacks on shipping in the Strait of Hormuz. Meanwhile, French bonds remain under pressure as political uncertainty ahead of the 2027 election raises doubts over the country’s ability to repair its finances. The minority government has unveiled a plan to cut the budget deficit, although the fiscal watchdog warned that its economic assumptions were “optimistic.” Political uncertainty is also rising elsewhere, with Spain calling a snap election for November 29 and Italy heading to the polls next year.
The EUR/USD exchange rate fell to 1.1195 on October 7, 2026, down 0.57% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 3.69%, and is down by 3.74% 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 October 7 of 2026.
The EUR/USD exchange rate fell to 1.1195 on October 7, 2026, down 0.57% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 3.69%, and is down by 3.74% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.13 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.15 in 12 months time.