# ECB holds rates steady: Why is the Euro rising?

> The ECB held rates steady but kept the door open to a hike in September as energy prices threatened to keep inflation above target. Markets priced around a 95% chance of a September 25 basis-point hike, and EUR/USD edged up to about 1.1385 as the US conducted another night of strikes on Iran.

- Date: 2026-07-24 · published 2026-07-24T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/18562-ecb-holds-rates-steady-why-is-the-euro-rising
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Hawkish ECB expectations support the euro and soften the dollar, which can help US-priced feed commodities, while ongoing Iran strikes keep energy prices and freight risk elevated.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-02-05 | [ECB warns of stronger euro impact, holds rates](https://feedsoft.ai/events/20810-ecb-warns-of-stronger-euro-impact-holds-rates.md) | +0.7% | -1.8% |
| EURUSD | 2026-01-28 | [Why the euro's rise to $1.20 is a big deal \| Reuters](https://feedsoft.ai/events/21263-why-the-euro-s-rise-to-1-20-is-a-big-deal-reuters.md) | -1.3% | -1.5% |
| EURUSD | 2023-12-14 | [ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD Rises](https://feedsoft.ai/events/8302-ecb-keep-rates-steady-with-tentative-inflation-downgrades-eur-usd-rises.md) | +1.5% | +1.5% |
| EURUSD | 2024-01-25 | [European Central Bank holds rates steady, gives no hint at cuts ahead](https://feedsoft.ai/events/32341-european-central-bank-holds-rates-steady-gives-no-hint-at-cuts-ahead.md) | -0.4% | -0.8% |
| EURUSD | 2026-03-19 | [VIEW ECB holds rates steady as Middle East war re-ignites inflation fears \| Reuters](https://feedsoft.ai/events/20371-view-ecb-holds-rates-steady-as-middle-east-war-re-ignites-inflation-fears.md) | +0.5% | +2.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-gains-traction-above-11350-as-ecb-holds-rates-steady-202607240501

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