EURUSDEUR/USDOANDA:EURUSDHavalMamarKey Data and Market Insights The EUR/USD opened at $1.1741 today. The pair's day range has been between $1.1734 and $1.1741. Historically, October has been a bullish month for the EUR/USD, with an average return of +0.30% over the last 50+ years. The Euro peeked out to a 4+ year high near $1.1900 in September. Rising inflation in Europe might keep the European Central Bank (ECB) on hold, while the Federal Reserve (Fed) appears headed for another interest rate cut, potentially narrowing the interest rate differential. A weakened dollar has added to inflation worries. The dollar has depreciated almost 10% this year. Monetary policy divergences are likely to play a bigger role in currency performance towards the end of the year. Eurozone Economic News The Eurozone economy is reportedly holding up better than expected despite new US tariffs. Global supply chain pressures remain contained, and bottleneck indicators in the euro area are close to historical averages. Europe's imports are cheaper due to a strengthening euro against a weakened dollar. Eurozone inflation was a moderate 2% in August. Eurozone economic growth was only 0.1% in the second quarter. Tariffs and associated uncertainty are projected to reduce Eurozone growth by 0.7% between 2025 and 2027. US Economic News Real GDP growth totaled 2.4% in 2024, projected to slow this year before rebounding. The US economy grew at an annualized rate of 1.6% in the first half of 2025. The Dollar Index has often wobbled but hasn't usually moved decisively during government shutdowns. This year, the Dollar Index is down nearly 10% due to uncertainty about the president's tariff and trade agenda.