The euro edged up to $1.143, attempting to rebound from one-year lows hit in June, as expectations rose for another European Central Bank interest rate hike in September. On Wednesday, Brent crude reached two-week highs following renewed US-Iran strikes, with US President Trump declaring the Iran ceasefire over. However, he also noted that Iran still wants to make a deal "badly," offering some hope for revived negotiations. Traders are now pricing in over 30 basis points of additional ECB tightening this year, signaling at least one potential rate hike. Politically, Germany’s cabinet approved a 2027 budget draft, outlining €555.4 billion in spending and increasing borrowing to €203.6 billion, up from earlier estimates. In France, far-right leader Marine Le Pen confirmed her 2027 presidential bid, with polls favoring her National Rally, while uncertainty persists over President Macron’s successor.
The EUR/USD exchange rate rose to 1.1430 on July 9, 2026, up 0.12% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.91%, and is down by 2.32% 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 July 9 of 2026.
The EUR/USD exchange rate rose to 1.1430 on July 9, 2026, up 0.12% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.91%, and is down by 2.32% 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 1.17 in 12 months time.