EURUSD: Euro Slides Near Key Support 1.1650 as US Inflation Spurs Fed Rate Hike Expectations, May 15, 2026
Over the past three trading sessions, EURUSD has hovered near 1.1655 amid heightened volatility driven by stronger-than-expected US inflation data, which intensified bets on further Federal Reserve rate hikes. Yesterday’s closing price stood at 1.1655, reflecting a modest decline. Recent market news highlights the euro’s weakness against a firm US dollar, pressured by dismal US retail sales and rising oil prices amid geopolitical uncertainty. For investors, this signals a cautious market preference towards the USD, suggesting the euro may remain under pressure in the near term. Monitoring potential USD softness or positive euro fundamentals could reveal rebound opportunities.


