Commerzbank’s Volkmar Baur argues that an end to the Iran conflict and a reopening of the Strait of Hormuz could support the Euro against the Dollar via relative real-rate dynamics.
ING’s Francesco Pesole highlights that the Euro has been resilient on crosses but slipped versus the Dollar, with softer equities and commodity FX underperformance shaping flows.
The EUR/USD pair trades with a mild positive bias around the 1.1730-1.1735 region during the Asian session on Friday and, for now, seems to have stalled the previous day's modest slide.
The EUR/USD pair posts modest gains around 1.1730 during the early Asian session on Monday, supported by growing optimism surrounding a potential US-Iran peace deal. Markets might turn cautious later in the day ahead of the highly-anticipated US Nonfarm Payrolls (NFP) report for April.
EUR/USD eases from intraday highs on Thursday as evolving geopolitical developments surrounding tensions in the Middle East help the US Dollar (USD) and Oil prices recover some of their recent losses.
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is modestly higher, extending a sentiment-driven recovery despite softer expectations for European Central Bank (ECB) tightening.
The EUR/USD pair trades in a tight range around 1.1750 during the early European trading session on Thursday.
The EUR/USD pair attracts some dip-buying during the Asian session on Thursday and stalls the previous day's late pullback from the 1.1800 neighborhood, or over a two-week high.
EUR/USD trades higher on Wednesday as renewed optimism surrounding a potential US-Iran peace deal pressures the US Dollar (USD) and lifts the Euro (EUR).
Commerzbank’s Antje Praefcke argues that geopolitical developments around the Iran conflict remain the primary driver for EUR/USD, outweighing upcoming US data such as ADP and Nonfarm Payrolls (NFP) .
The EUR/USD pair gathers strength around 1.1730 during the early European trading hours on Wednesday. The Euro (EUR) edges higher against the US dollar (USD) amid hopes for a US-Iran peace deal. Traders will keep an eye on the release of the US ADP April Employment Change report later on Wednesday.
The EUR/USD pair attracts some buyers to around 1.1720 during the Asian trading hours on Wednesday, bolstered by improved risk sentiment. US President Donald Trump said the Project Freedom and movement of ships through the Strait of Hormuz had paused.
