The Euro (EUR) trades under pressure against the US Dollar (USD) on Wednesday, as the Greenback remains well supported amid conflicting headlines surrounding US-Iran ceasefire efforts.
The EUR/USD pair trades broadly sideways around 1.1600 during the European trading session on Wednesday. The major currency pair consolidates as investors await Iran’s response to United States (US) President Donald Trump’s proposals of a month-long ceasefire and 15-point settlement plan.
German IFO Institute's Business Climate Index deteriorates to 86.4 in March from 88.4 in February, revised lower from 88.6.
Commerzbank’s Thu Lan Nguyen notes that EUR/USD has rebounded about two cents from its recent low near 1.14, driven mainly by Euro strength while the Dollar trades sideways.
Danske Research Team highlights that EUR/USD traded around 1.16 with Germany Ifo survey is due.
Commerzbank’s Michael Pfister analyses EUR/USD options, noting that since the Iran conflict the relationship between implied volatility and risk reversals has reverted towards its pre–"Liberation Day" pattern.
The EUR/USD pair faces slight pressure near 1.1550 during the European trading session on Wednesday after a two-day recovery move. The major currency pair struggles as the US Dollar strives to regain ground ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
EUR/USD ticks slightly lower after posting gains over the previous two sessions, hovering near 1.1530 during Asian trading hours on Wednesday.
The EUR/USD pair struggles to capitalize on this week's goodish recovery move from the 1.1415-1.1410 area, or its lowest level since August 2025, and oscillates in a narrow band during the Asian session on Wednesday.
EUR/USD edges higher on Tuesday, extending gains for a second consecutive day as a softer US Dollar (USD) lends support to the Euro (EUR), with market focus gradually shifting from the ongoing US-Iran war to upcoming monetary policy announcements from the Federal Reserve (Fed) and the European Centr
Scotiabank’s FX team highlights a modest Euro gain versus the Dollar, with EUR/USD supported after Monday’s bullish reversal. The pair is shrugging off weak German ZEW data as sentiment and elevated yield spreads underpin the Euro.
