FX
EUR/USD
The dollar price of one euro, the most heavily traded currency pair in the world. It carries the largest weight in the dollar index, making it the primary axis for judging dollar strength or weakness.
At a glance
EUR/USD: latest value and prior change
As of 2026-08-28, EUR/USD is 1.16 USD. It is 0.01 USD lower than 1.17 USD on 2026-08-27.
Within the default comparison window of 1,000 observations from 2022-08-30 to 2026-08-28, the latest value is at the tie-adjusted 80th percentile. Available history covers 2016-01-04 to 2026-08-28 with 2,663 observations.
- Observed on
- Default comparison window
- 2022-08-30–2026-08-28
- Observations · observed cadence
- 1,000 · Daily
- Data source
- FRED
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
EUR/USD
2016-01-04–2026-08-28
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-08-28 | 1.16 USD | 2026-08-27 | -0.01 USD |
| 2026-08-27 | 1.17 USD | 2026-08-26 | 0.00 USD |
| 2026-08-26 | 1.17 USD | 2026-08-25 | -0.00 USD |
| 2026-08-25 | 1.17 USD | 2026-08-24 | 0.00 USD |
| 2026-08-24 | 1.17 USD | 2026-08-21 | -0.00 USD |
| 2026-08-21 | 1.17 USD | 2026-08-20 | 0.00 USD |
| 2026-08-20 | 1.17 USD | 2026-08-19 | 0.00 USD |
| 2026-08-19 | 1.17 USD | 2026-08-18 | 0.01 USD |
| 2026-08-18 | 1.16 USD | 2026-08-17 | -0.00 USD |
| 2026-08-17 | 1.16 USD | 2026-08-14 | 0.00 USD |
Source: FRED
Interpretation guide
EUR/USD: reading the dollar cycle from the other side
EUR/USD quotes how many dollars one euro buys, so unlike most major pairs, a rising number means a weaker dollar. It is the most heavily traded currency pair in the world and the largest component of the traditional dollar index by a wide margin, which is why its direction is often read as shorthand for the global dollar cycle itself.
A pair you read in reverse
Unlike USD/KRW or USD/JPY, the euro is the base currency here. A higher print means euro strength and dollar weakness; a lower print means dollar strength. Investors who think in dollar terms need the habit of flipping the sign.
- A rising EUR/USD signals dollar weakness, generally a friendlier backdrop for risk assets and EM.
- A sustained decline marks a dollar-strength phase, pushing in the same direction as USD/KRW upside.
- The parity area near 1.0 is a symbolic boundary that markets remember, giving it outsized psychological weight.
Trends built on the ECB-Fed gap
Medium-term trends in EUR/USD are shaped by the divergence between ECB and Fed policy paths and by the growth and inflation gap between the two regions. Energy matters too: Europe is a net energy importer, so energy price spikes hit the euro twice.
- A Fed tilting dovish while the ECB stays relatively hawkish builds upward pressure on the pair.
- Euro strength tends to hold when European data surprises outpace those in the US.
- During energy spikes, the euro can weaken regardless of rate gaps, so decompose the driver first.
Why it matters from Seoul
EUR/USD rarely moves the Korean market directly, but it works as a leading thermometer for the dollar cycle. Trend turns in this pair have at times shown up before turns in the broad dollar index and USD/KRW, which makes it valuable for cross-checking.
- A EUR/USD rebound coinciding with a topping broad dollar index can give the won and other EM currencies room to breathe.
- In a EUR/USD downtrend, lower confidence in any scenario that assumes USD/KRW will calmly decline.
- Viewing it with US Treasury yields, the US Broad Dollar Index, and KOSPI on TapeFlow helps locate where the dollar cycle stands.