The euro climbed 0.2% to $1.15, reaching a seven-week high as markets reacted to shifting expectations for U.S. and European monetary policies. The rally reflects growing speculation that the Federal Reserve may cut rates sooner than the European Central Bank (ECB), weakening the dollar’s relative appeal.
Recent economic data has bolstered the euro, with stronger-than-expected Eurozone PMIs easing recession fears, while U.S. job growth and inflation figures have shown signs of moderation. Traders are now pricing in a higher likelihood of ECB rate cuts being delayed, further supporting the single currency.
Key resistance lies near $1.16, last tested in March. A sustained break above this level could signal further upside, though volatility may rise ahead of next week’s U.S. CPI report and ECB meeting. Geopolitical risks and energy market fluctuations remain wildcards for the euro’s near-term trajectory.
Related topics:
- Why Did the Tariff Stick Suddenly Swing Towards Apple? Cook Is Revealed to Anger Trump for Refusing to Visit the Middle East
- Greenland Mining Minister: If the United States and Europe Are Unwilling to Invest, They Will Have to Find Other Partners
- Trade Negotiations Are Deadlocked Eu Reportedly Investigates Companies’ Investment in the United States
