EUR/USD Trades Around 1.1700, Maintains Position Near Four-Year Highs

EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Continues to Be Mixed in Friday Trading

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EUR/USD Pair Hits Yearly High - Action Forex

Yesterday, the EUR/USD exchange rate rose above the 1.1700 level for the first time this year. The last time one euro was worth more than 1.70 US dollars was in autumn 2019. The main driver behind the euro’s rise is the weakening dollar, largely due to decisions made by the Trump administration. This week alone, […] The post EUR/USD Pair Hits Yearly High appeared first on Action Forex.

EUR/USD Pair Hits Yearly High

Yesterday, the EUR/USD exchange rate rose above the 1.1700 level for the first time this year. The last time one euro was worth more than 1.70 US dollars was in autumn 2019.The main driver behind the euro’s rise is the weakening dollar, largely due to decisions made by the Trump administration. This week alone, the EUR/USD pair has gained more than 2%, partly as a result of escalating tensions between the US President and the Chair of the Federa…

EUR/USD trades around 1.1700, maintains position near four-year highs

EUR/USD extends its winning streak that began on June 18, trading around 1.1700 during the Asian hours on Friday. The EUR/USD pair continues to gain ground as the US Dollar (USD) faces challenges due to renewed concerns over the US Federal Reserve’s (Fed) independence.

EUR/USD reaches 1,1744, it approaches a maximum of four years as bets grow due to a Fed cut, Trump seeks successor for Powell - World Stock Market

EUR/USD reaches 1,1744, the highest level since September 2021, before going back to 1,1697. Trump could replace Powell for autumn, feeding uncertainty in politics. Mixed US data limit the strength of the dollar; of the ECB Guindos points out a possible relief in commercial changes. The EUR/USD shoots almost maximum of four years on Thursday, extending its rally to five consecutive days, with the torque exceeding the figure of 1,1700 for the fir…