# Euro: September hike outlook offers support against US Dollar – UOB

> UOB expects one final 25 basis-point ECB hike in September, taking the deposit rate to 2.50%, followed by a pause. EUR/USD slipped slightly to 1.1369 after ECB member Gediminas Simkus said a hike was more likely than a hold.

- Date: 2026-07-27 · published 2026-07-27T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/18560-euro-september-hike-outlook-offers-support-against-us-dollar-uob
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expected ECB tightening supports the euro against the dollar, which modestly weighs on dollar-denominated grain and oilseed prices.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-08-26 | [Euro: ECB tightening outlook offers support against US Dollar - BNY](https://feedsoft.ai/events/18099-euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny.md) | -0.7% | -2.4% |
| EURUSD | 2026-07-30 | [Euro: Strong GDP supports September ECB hike – BBH — Octa](https://feedsoft.ai/events/7692-euro-strong-gdp-supports-september-ecb-hike-bbh-octa.md) | +1.4% | +2.3% |
| EURUSD | 2022-12-15 | [Sterling falls against dollar and euro on 'dovish' UK rate hike](https://feedsoft.ai/events/38477-sterling-falls-against-dollar-and-euro-on-dovish-uk-rate-hike.md) | -0.5% | +1.5% |
| EURUSD | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | -0.4% | -2.0% |
| EURUSD | 2017-07-20 | [Euro surges against dollar as Draghi says QE tightening talks will start in September](https://feedsoft.ai/events/70186-euro-surges-against-dollar-as-draghi-says-qe-tightening-talks-will-start-in.md) | +1.0% | +1.6% |

## Sources

- mitrade.com: https://www.mitrade.com/au/insights/news/live-news/article-1-1935613-20260727

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