Euro: PMI strength limits downside against US Dollar – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is weaker on broad Dollar strength, but Eurozone data and European Central Bank (ECB) expectations cushion the downside. September Eurozone Purchasing Managers' Index (PMI) beat forecasts, supporting additional ECB hikes.

Gold impact rationale

A stronger U.S. dollar typically pressures dollar-denominated gold.

• Source: FXStreet news
• 2026-09-23
• dollar

Topics: gold news, gold price impact, dollar