- The EUR/USD advances as the US dollar could recover ground in the midst of a greater demand for safe refuge.
- The president of the US Senate Intelligence Committee said President Trump will give Iran the last chance to finish his nuclear program.
- The president of the ECB, Lagarde, said the feat cuts are close to its end.
The EUR/USD continues its winning streak for the third consecutive day, quoting around 1,1520 during Friday’s Asian hours. The torque can be seen as the US dollar (USD) loses ground, possibly driven by a technical setback. The US dollar could recover in the face of a greater demand for safe refuge, driven by the growing concerns about the possible involvement of the US in the Air War between Israel and Iran.
According to senior US intelligence officials cited by The New York Times, Iran has not yet decided if it will make a nuclear weapon, although it has developed a large enriched uranium stockpile necessary to make a bomb.
Meanwhile, the president of the US Senate Intelligence Committee said President Donald Trump will offer Iran the last opportunity to reach an agreement that ends its nuclear program. Trump will probably delay his final decision on the launch of attacks for up to two weeks.
The Federal Reserve Monetary Policy Report (FED), scheduled for publication on Friday, will be presented to Congress. Operators will probably evaluate the report, since it contains discussions about “the conduction of monetary policy and economic developments and perspectives for the future.”
The EUR/USD also gains ground as the euro (EUR) receives support from the hard line tone around the policy prospects of the European Central Bank (ECB). The president of the ECB, Christine Lagarde, said that rates reductions are coming to an end, since the Central Bank is now “in a good position” to deal with the prevailing uncertainties.
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 the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.25% | -0.18% | -0.17% | -0.15% | -0.27% | -0.10% | -0.04% | |
| EUR | 0.25% | 0.03% | 0.07% | 0.10% | 0.13% | 0.16% | 0.22% | |
| GBP | 0.18% | -0.03% | 0.12% | 0.07% | 0.10% | 0.12% | 0.18% | |
| JPY | 0.17% | -0.07% | -0.12% | 0.07% | -0.12% | -0.08% | 0.07% | |
| CAD | 0.15% | -0.10% | -0.07% | -0.07% | -0.09% | -0.19% | 0.11% | |
| Aud | 0.27% | -0.13% | -0.10% | 0.12% | 0.09% | 0.30% | 0.08% | |
| NZD | 0.10% | -0.16% | -0.12% | 0.08% | 0.19% | -0.30% | 0.06% | |
| CHF | 0.04% | -0.22% | -0.18% | -0.07% | -0.11% | -0.08% | -0.06% |
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.
