# Euro heads for biggest monthly loss of 2026: What are the reasons?

> The euro rebounded slightly on Wednesday from a 16-month low against the dollar but is still set for its biggest monthly loss of 2026. Expectations for an October Fed hike fell after weak US consumer confidence and job openings data, with the probability of a hold rising to 53%.

- Date: 2026-09-30 · published 2026-09-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/17695-euro-heads-for-biggest-monthly-loss-of-2026-what-are-the-reasons
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Shifting Fed expectations change the dollar's direction and therefore the dollar value of commodity prices, though the effect on feed markets is usually modest and short-lived.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | +0.7% | -0.1% |
| DXY | 2018-01-26 | [Has The ECB Lost Control Of The Euro Exchange Rate Complex? \| Exchange Rates UK](https://feedsoft.ai/events/67194-has-the-ecb-lost-control-of-the-euro-exchange-rate-complex-exchange-rates-uk.md) | -0.0% | +1.1% |
| DXY | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | +0.2% | -1.0% |
| DXY | 2017-03-28 | [BOT likely to keep rate at 1.5% for rest of year](https://feedsoft.ai/events/72256-bot-likely-to-keep-rate-at-1-5-for-rest-of-year.md) | +0.6% | +0.1% |
| DXY | 2022-01-29 | [Sterling close to 23-month high versus euro - Business & Finance - Business Recorder](https://feedsoft.ai/events/43377-sterling-close-to-23-month-high-versus-euro-business-and-finance-business.md) | -0.8% | -0.7% |
| EURUSD | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | -0.4% | +0.4% |
| EURUSD | 2017-09-01 | [Euro slips after six months of gains as ECB eyed \| The National](https://feedsoft.ai/events/69163-euro-slips-after-six-months-of-gains-as-ecb-eyed-the-national.md) | +1.2% | -0.7% |
| EURUSD | 2021-02-18 | [Euro-Dollar Rate, the ECB's Currency Concerns and Two Competing Outlooks for 2021](https://feedsoft.ai/events/48855-euro-dollar-rate-the-ecb-s-currency-concerns-and-two-competing-outlooks-for-2021.md) | +0.8% | -1.1% |

## Sources

- economies.com: https://www.economies.com/forex/eur-usd-news/euro-heads-for-biggest-monthly-loss-of-2026:-what-are-the-reasons-49852

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.