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fxJun 26, 2026, 12:32 AM

Euro Nears 13-Month Low at 1.1365 as US Inflation Data Boosts Dollar

EUR/USD slipped to around 1.1365 in early Asian trading on Friday, approaching a 13-month low, as stronger US PCE inflation figures reinforced expectations of further Federal Reserve rate hikes.

EURUSD

The euro extended its decline against the US dollar on Friday, with EUR/USD trading near 1.1365 in early Asian hours. The pair hovers close to its lowest level in 13 months, pressured by renewed dollar strength.

Market sentiment shifted after US personal consumption expenditures (PCE) inflation data came in higher than anticipated, bolstering the case for additional interest rate increases by the Federal Reserve. The dollar index gained broadly as a result, weighing on the euro.

No major eurozone economic releases are due today, leaving EUR/USD direction dependent on US data and risk appetite. The next support level to watch is the 1.1350 area, while resistance is seen near 1.1400.

Source: FXStreet Forex News