- The EUR/USD shoots about 1,1145 since the US dollar has been hit hard by the announcement of Trump’s reciprocal tariffs.
- The US president Trump has announced 20% reciprocal tariffs on the eurozone.
- The president of the CE, von der Leyen, promises to retal if negotiations with Washington fail.
He EUR/USD It rises to its highest level from October around 1,1145 in the American session on Thursday and earns almost 2.5% in the day. The main currency pair is strengthened as the US dollar (USD) assumes guilt for the long -term transition in the US economy. The US dollar index (DXY), which measures the value of the dollar against six main currencies, collapses about 101.30, the lowest level seen in six months.
On Wednesday, the president of the US Economic Advisors Council, Stephen Miran, agreed that the tariffs announced by President Donald Trump could cause short -term ups and downs in the economy, but will be favorable for long -term perspectives. His comments occurred after Trump revealed the planned reciprocal tariffs. Trump announced a 10% base tariff over all imports to the US and additional specific tariffs on most commercial allies. Some objective nations leaders have threatened to retal with countermeasures.
Market participants expect Trump’s tariffs to lead to a global economic slowdown, including USA. Experts believe that the new import tariffs are higher than expected and are enough to take the US economy to a recession. Such scenario paves the path for stagflation, assuming that the highest tariffs stop the efforts made by the Federal Reserve (Fed) to contain persistent inflationary pressures. This will complicate the work of the Fed to maintain inflation near the 2% target with full employment.
Looking ahead, investors will focus on data on Non -agricultural payrolls (NFP) of the US for March, which will be published on Friday. The official employment data will influence the market expectations of the Fed monetary policy on Wednesday, the ADP employment change data showed that the private sector added new workers in March, significantly more than the expectations of 105K and the previous publication of 84K.
In the Front of Economic Data, the US ISM Services PMI data for March have been weaker than expected. The PMI of Services was significantly lower in 50.8 compared to estimates of 53.0 and the previous publication of 53.5.
What moves the market today: Eur/USD is recovered in the midst of the weakness of the US dollar
- The pure strength in the Eur/USD is also driven by the superior yield of the euro (EUR). The euro wins even though the fears of a possible commercial war between the US and the EUROZONA have increased after the president of USA (USA) Donald Trump will announce 20% reciprocal tariffs on the European Union (EU).
- The president of the European Commission (CE), Ursula von der Leyen, declared that the consequences will be “disastrous for millions of people around the world.” He warned that the old continent is prepared to retal with countermeasures if negotiations with Washington end without a healthy conclusion. Von der Leyen added that the CE is already finishing the “first countermeasted package” in response to tariffs on steel and is now preparing for more countermeasures to protect our “businesses and interests.”
- Last month, von der Leyen warned about the imposition of tariffs on up to 26 billion euros in US imports as a countermeated to the wide Trump 25% tariffs on the imports of steel and aluminum, which entered into force on March 12.
- Meanwhile, the officials of the European Central Bank (ECB) have ruled out the expectations that tariff inflation could affect the hopes of more interest -rates cuts. During European negotiation hours, A head of the ECB And governor of the Bank of Greece, Yannis Stournaras, said that US tariffs will not be an “obstacle to April rates” since the path of inflation remains “without changes.” Stournaras indicated that US tariffs “The growth rate of the Gross Domestic Product (GDP) of the Eurozone in” 0.3%-0.4%”in the first year will impact negatively” in the first year.
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. The euro was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -2.35% | -0.94% | -2.59% | -1.36% | -1.23% | -1.65% | -2.98% | |
| EUR | 2.35% | 1.18% | -0.23% | 1.04% | 1.16% | 0.73% | -0.63% | |
| GBP | 0.94% | -1.18% | -1.40% | -0.15% | -0.00% | -0.44% | -1.83% | |
| JPY | 2.59% | 0.23% | 1.40% | 1.22% | 1.41% | 0.82% | -0.43% | |
| CAD | 1.36% | -1.04% | 0.15% | -1.22% | 0.22% | -0.31% | -1.69% | |
| Aud | 1.23% | -1.16% | 0.00% | -1.41% | -0.22% | -0.43% | -1.79% | |
| NZD | 1.65% | -0.73% | 0.44% | -0.82% | 0.31% | 0.43% | -1.39% | |
| CHF | 2.98% | 0.63% | 1.83% | 0.43% | 1.69% | 1.79% | 1.39% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
Technical analysis: EUR/USD aims to review 1,1200
EUR/USD About 1,1150 is recovered on Thursday after a decisive rupture above the previous resistance of 1,0955, quoting at levels not seen since the beginning of October. The perspective In the short term of the main currency pair, 20 -day exponential mobile (EMA) has become extremely bullish.
The 14 -day relative force index (RSI) jumps around 70.00 after cooling about 60.00, suggesting that the bullish impulse has resumed.
Looking down, the resistance zone of mid -March around 1,0955 is the first support to consider, followed by the maximum of March 31, 1,0850. On the contrary, the maximum of September 25, 1,1214 will be the key barrier to the bulls of the euro.
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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.
