- The EUR/USD goes back after reaching a maximum of two weeks earlier on Thursday, following the decision of the European Central Bank to keep the stable rates.
- The US dollar is strengthened thanks to solid economic data from the US and commercial optimism.
- US President Trump indicates a “50-50 probability” to reach a commercial agreement with the EU.
The Euro (EUR) quotes with a negative tone against the US dollar (USD) on Friday, since the dollar recovers up impulse, supported by resilient economic data from the US, renewed commercial optimism and expectations that the Federal Reserve (Fed) will maintain interest rates without changes in its next monetary policy meeting on Wednesday.
The EUR/USD is modestly quoting down during the American negotiation hours, moving away from a maximum of almost two weeks marked on Thursday and just below its highest level since August 2021. The setback occ USA and the EU before the deadline of tariffs on August 1. At the time of writing, the pair is quoted around 1,1715, although almost 0.80% continues to rise in the week.
Meanwhile, the US dollar index (DXY), which measures the value of the dollar against a basket of six main currencies, is registering a modest recovery from about a minimum of two weeks, around 97.80.
Earlier this week, reports arose that suggest that the United States and the European Union are exploring a possible commercial agreement similar to the recently announced agreement between the US and Japan, which includes a 15% limit in reciprocal tariffs for key goods. Although no official agreement has been confirmed, US President Donald Trump declared during a press conference on Friday that there is a “50-50 probability” to reach an agreement with the EU, which helps maintain commercial optimism and supports the general feeling of the market.
The head of the ECB monetary policy, François Villeroy of Galhau, adopted a cautious tone on Friday, noting that, although the eurozone economy remains resilient, the risks linked to prolonged commercial tensions and a stronger euro could weigh on inflation. Speaking in a financial forum, Villeroy said that the Central Bank must remain completely open to future fees adjustments, including the possibility of additional cuts if the incoming data justify it. His comments reflected the broader message of the monetary flexibility ECB, underlining the bank’s commitment to a meeting approach by meeting in the middle of a highly uncertain global panorama.
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the strongest currency against pound sterling.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.12% | 0.55% | 0.40% | 0.44% | 0.51% | 0.27% | 0.12% | |
| EUR | -0.12% | 0.46% | 0.26% | 0.34% | 0.30% | 0.15% | -0.01% | |
| GBP | -0.55% | -0.46% | -0.18% | -0.14% | -0.16% | -0.30% | -0.47% | |
| JPY | -0.40% | -0.26% | 0.18% | 0.04% | 0.05% | -0.12% | -0.28% | |
| CAD | -0.44% | -0.34% | 0.14% | -0.04% | 0.11% | -0.17% | -0.36% | |
| Aud | -0.51% | -0.30% | 0.16% | -0.05% | -0.11% | -0.15% | -0.31% | |
| NZD | -0.27% | -0.15% | 0.30% | 0.12% | 0.17% | 0.15% | -0.16% | |
| CHF | -0.12% | 0.01% | 0.47% | 0.28% | 0.36% | 0.31% | 0.16% |
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).
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.
