EUR USD News & Analysis Today

  • At the beginning of the month, the EUR/USD pair entered a sideways range of 1.1719–1.1597 (Murray levels [8/8]–[6/8]), where it is currently trading. This is mainly due to growing uncertainty surrounding the Federal Reserve’s next steps and conflicting signals from policymakers.

  • During the Asian session, EUR/USD is trading in a corrective trend around 1.1621, as investors remain cautious ahead of tomorrow’s release of the European Central Bank (ECB) meeting minutes on monetary policy at 13:30 (GMT+2).

  • Last week the EUR/USD rate dropped to 1.1597 (Murray level [6/8]) but then rebounded to 1.1719 (Murray level [8/8]) following comments by Fed Chair Jerome Powell at the Jackson Hole economic symposium.

  • During the Asian session, EUR/USD hovered around 1.1632 after Wednesday’s Eurozone inflation update. Headline CPI eased from 0.3% to 0.0% m/m and stayed at 2.0% y/y for a second straight month, down from 2.6% a year earlier—evidence of stable price dynamics. Core CPI slipped from 0.4% to -0.2% m/m and held near 2.3% y/y.

  • EUR/USD is holding near 1.1680, with momentum tilted upward as eurozone recovery strengthens and demand for the US dollar softens. Euro support came after Q2 GDP slowed from 0.6% to 0.1% q/q and from 1.5% to 1.4% y/y, matching expectations. Positive sentiment was also reinforced by Germany’s call for the US to honor previously agreed lower tariffs on EU autos before finalizing a new trade deal.

  • The EUR/USD currency pair remains under pressure near 1.1742 as investors brace for the expiration of the US tariff moratorium on July 9. The latest round of US-European trade consultations, highlighted by talks between European Commission President Ursula von der Leyen and President Donald Trump, was received positively by the media. However, a formal agreement to fix export tariffs at 10% remains elusive, even though a direct sanctions notice from Washington appears off the table for now.