USD/EUR Price Today: Dollar Holds Near 0.86 Euro as Oil Shock, U.S. CPI Box In Traders
The euro hovered near $1.16 as investors favored the dollar ahead of U.S. inflation data and after a 1.5% euro drop since the Feb. 28 Iran attack. A key euro-dollar swap rate fell to its lowest since April 2025. Oil surged 4% to $91.32 a barrel despite IEA plans for record stock releases. Germany’s EU-harmonised inflation eased to 2.0% in February.