The euro is stable around $1.17, buoyed by easing US-Europe tensions and a positive market mood, even as the US dollar remains resilient. The market anticipates US economic data releases, including PCE Price Index and GDP figures, though their potential impact is considered limited.
- Euro steady near two-week high at $1.17.
- US President Trump refrains from imposing tariffs on European goods.
- “Framework for a future deal” agreed upon with NATO Secretary-General.
- Denmark rejects ceding control of Greenland.
- Eurozone economy and inflation support expectations of stable ECB interest rates.
- EUR/USD holds around 1.1700 amidst easing EU-US trade tensions.
- US Dollar rebounded on Wednesday, causing EUR/USD to dip slightly.
- Market mood is upbeat with US stock index futures rising.
- US PCE Price Index and GDP data releases are unlikely to trigger strong market reactions.
Overall, the asset finds support from improving global sentiment and perceived economic stability within its zone. While facing some pressure from a strengthening US dollar, the absence of immediate negative catalysts suggests a continuation of the current range-bound trading. Future data releases and geopolitical developments will be important to watch for potential shifts in direction.