Wednesday, 28 October 2026
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Markets Brief gilt-and-policy note (2026-09-28): EUR/USD trades on the back foot on Monday, pressured by a stronger US Dollar (USD) as the US-Iran stalemate keeps Oil prices elevated, pushing US Treasury… Primary source: original at FXStreet (fxstreet.com).
Euro struggles as Fed rate-hike bets overshadow ECB tightening expectations
EUR/USD trades on the back foot on Monday, pressured by a stronger US Dollar (USD) as the US-Iran stalemate keeps Oil prices elevated, pushing US Treasury yields higher and strengthening expectations of further Federal Reserve (Fed) rate hikes.