Tuesday, 29 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
EUR/USD Rises Above 1.1500 As US Dollar Eases, Possibly On Technical Pullback
Friday, 20 June 2025 10:58 WIB | EUR/USD |EUR/USD

EUR/USD extends its winning streak for the third straight day, trading around 1.1520 during Asian hours on Friday (6/20). The currency pair strengthened as the US dollar (USD) weakened, possibly on technical pullback. The US dollar could recover on increased safe-haven demand, driven by growing concerns over potential US involvement in an Israel-Iran air war.

Iran has not yet decided whether to build a nuclear weapon, despite having developed a large stockpile of enriched uranium needed to make a bomb, according to a senior US intelligence official quoted by The New York Times.

Meanwhile, the chairman of the US Senate Intelligence Committee said that US President Donald Trump will offer Iran a final chance to reach a deal to end its nuclear program. Trump is likely to delay his final decision on launching an attack by up to two weeks.

The Federal Reserve's (Fed) Monetary Policy Report, scheduled for release on Friday, will be submitted to Congress. Traders will likely assess the report as it contains a discussion of "the conduct of monetary policy and economic developments and future prospects."

The EUR/USD pair also gained as the Euro (EUR) gained support from the hawkish tone surrounding the European Central Bank's (ECB) policy outlook. ECB President Christine Lagarde noted that interest rate cuts are coming to an end as the central bank is now "well-positioned" to weather the ongoing uncertainties. (alg)

Source: FXstreet

RELATED NEWS
EUR/USD remains below 1.1600 as US-EU trade deal appears to favor US economy ...
Tuesday, 29 July 2025 10:15 WIB

EUR/USD moves little after registering more than 1% losses in the previous session, trading around 1.1590 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) rose on tr...

EUR/USD plunges over 1% as US–EU trade deal boosts US Dollar...
Tuesday, 29 July 2025 06:54 WIB

The EUR/USD dropped more than 1% on Monday as investors bought the Dollar on news that the United States (US) and the European Union (EU) had reached a trade agreement, similar to the one inked by Jap...

Euro Rises on US-EU Trade Pact ...
Monday, 28 July 2025 07:56 WIB

The euro climbed above $1.175 on Monday, snapping a two-day losing streak after the US and EU reached a trade agreement over the weekend. The deal includes a 15% tariff on most European goods, signifi...

EUR/USD remains flat near recent lows following uninspiring German Business Climate data...
Friday, 25 July 2025 16:13 WIB

The EUR/USD pair remains practically flat on Friday, relatively close to three-week highs hit on the previous day. The US Dollar is a tad firmer, supported by positive US macroeconomic data which prov...

EUR/USD Weakened Towards 1.1750 As Strong US Data Offsets ECB Policy ...
Friday, 25 July 2025 06:40 WIB

EUR/USD weakened more than 0.20% on Thursday after solid economic data from the United States weighed on the common currency, which benefited from the European Central Bank's (ECB) decision to keep in...

LATEST NEWS
Hang Seng Trims Losses at End of Trading

The Hang Seng Index weakened 38 points, or 0.15%, to close at 25,524 on Tuesday (July 29th), reversing gains from the previous session as most sectors declined. Traders are increasingly cautious about the potential negative impact of the US-EU...

USD/CHF Maintains Its Position Above 0.8050 As The US Dollar Strengthens On Trade Optimism

USD/CHF continued its strengthening for the second consecutive session, trading around 0.8060 during the European session on Tuesday (July 29). The currency pair strengthened as the US dollar (USD) was supported by trade optimism, driven by recent...

Pound Sterling slumps against the US Dollar, focus shifts to Fed monetary policy

The Pound Sterling (GBP) holds onto losses near its two-month low around 1.3350 against the US Dollar (USD) during the European session on Tuesday. The GBP/USD pair faces selling pressure as the US Dollar trades firmly after officials from the...

POPULAR NEWS
European stocks close lower as EU-U.S. trade deal optimism wanes
Tuesday, 29 July 2025 00:34 WIB

Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade...

Europe Reacts With A Mix Of Relief And Concern Over US Trade Deal
Monday, 28 July 2025 17:25 WIB

European governments and companies reacted with a mix of relief and concern on Monday (July 28th) to the framework trade agreement reached with US...

Trump announces trade deal with EU following months of negotiations
Monday, 28 July 2025 07:35 WIB

The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President...

Dow Jones Industrial Average grapples with direction ahead of heavy week
Tuesday, 29 July 2025 04:12 WIB

The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of...