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.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-28
• rates
• yields
• dollar

Topics: gold news, gold price impact, rates, yields, dollar