EUR/USD climbs as US Dollar weakens on trade tensions

Unlike the Fed, the European Central Bank cut key interest rates by 0.25 percentage points last week, for the third time this year, to support the economy at a time of uncertainty over the tariff war.

EUR/USD climbs as US Dollar weakens on trade tensions

The Euro advances against the US Dollar in muted trading, as financial markets are closed on Good Friday. At the time of writing, the EUR/USD trades at 1.1385, up 0.21%, lacking the strength to break the elusive 1.14 mark.

EUR/USD in Equilibrium: Quiet Trading Expected on Good Friday - Action Forex

The EUR/USD pair continues to consolidate around 1.1371 this Friday, with trading activity subdued due to Good Friday market closures in the US and most of Europe. Key Drivers of EUR/USD Movement With low trading volumes, the pair’s movements remain constrained, leaving it near its three-year peak. Recent USD weakness stemmed from two primary factors: Concerns over the impact of US tariff policies. Growing political uncertainty under the […] The…