The euro strengthened above $1.170, reaching its highest level since May, boosted by improving European economic data and a weaker US dollar. Eurozone business activity continued to expand in August, with manufacturing showing a marked improvement, particularly in Germany, while services growth remained modest. The currency also benefited from a softer dollar following the US Treasury’s decision to increase its bond buyback programme, which pushed long-term Treasury yields lower and weighed on the greenback. Meanwhile, Eurozone consumers slightly lowered their inflation expectations, with anticipated price growth over the next year falling to 2.9% from 3% in June. However, inflation remains well above the ECB’s 2% target, keeping expectations of further monetary tightening alive following June’s rate increase. Investors are also assessing recent volatility in global bond markets, where concerns over persistent inflation and high government spending have pushed yields higher.
The EUR/USD exchange rate rose to 1.1678 on August 21, 2026, up 0.01% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 2.34%, but it's down by 0.31% 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 August 23 of 2026.
The EUR/USD exchange rate rose to 1.1678 on August 21, 2026, up 0.01% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 2.34%, but it's down by 0.31% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.17 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.19 in 12 months time.