---
symbol: "EUR"
name: "Euro"
date: 2026-09-29
change_pct: -0.5185445596765703
direction: "down"
event_type: "macro_print"
url: "https://perplo.app/why/EUR/2026-09-29"
updated_at: 2026-09-29T17:06:33.284Z
---

# Why Euro (EUR) fell 0.52% on September 29, 2026

Euro (EUR) fell 0.52% on September 29, 2026 — RBA hike to 4.6% lifts AUD, pressures euro.

## What happened

The euro fell 0.5% as the RBA hiked 25 basis points to 4.60%, the highest rate since 2011—lifting AUD yields and supporting Australian dollar strength against the euro.

## Why it moved

A higher RBA rate increases the yield spread in favor of AUD carry, attracting funding rotations out of lower-yielding currencies like EUR; EUR/AUD weakness is a direct mechanical result of the rate differential…

## Why it matters

Within the Dollar Regime framework, central bank divergence is the primary driver of FX moves; the RBA's hawkish surprise shifts relative policy expectations and reinforces the broader Dollar (and commodity-currency)…

## What would break the thesis

If the RBA's forward guidance turns dovish or markets had fully priced the hike beforehand, the immediate move could fade; ECB rate expectations would also need to remain soft for EUR weakness to persist.

## Sources

- [RBA raises cash rate by 25 bps to 4.60%, highest since 2011](https://investinglive.com/central-banks/rba-raises-cash-rate-by-25-bps-to-4-60-highest-since-2011/) — ForexLive
- [Morning Kickstart: Dollar gains against most majors despite the RBA rate hike](https://investinglive.com/technical-analysis/morning-kickstart-dollar-gains-against-most-majors-despite-the-rba-rate-hike/) — ForexLive
- [Euro area economic sentiment slips in September as inflation expectations rise](https://investinglive.com/news/euro-area-economic-sentiment-slips-in-september-as-inflation-expectations-rise/) — ForexLive

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