The euro (EUR) is strong and entering Thursday’s American session with a gain of 1.0%, driven by the combination of trade -related feeling and headlines of the ECB driven by foundations that have taken it to levels not seen since November 2021, says Shaun Osborne, head of Scotyabank FX.
EUR is promoted by commercial headlines and neutral comments from the ECB
“The early profits of the EUR in the Asian session were the result of President Trump’s latest comments on trade, but most of the EUR strength has followed Simkus’s comments from the ECB, offering the first unequivocal support for a pause in the fees.”
“Those responsible for monetary policy had offered a confusing message in the period after the ECB last Thursday, without being able to commit to the conclusion of the last flexibility cycle. The latest changes in the perspective of the relative policy of the central banks are significant and should provide the basis for an extension of the latest profits.”
“Our latest forecast update, published on Wednesday, has a goal for the EUR/USD of 1.16 by the end of 2025 and a 1.22 goal by the end of 2026.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
