The euro declined to $1.16 on Thursday, reaching its lowest level in almost a month as the U.S. dollar regained strength. The dollar’s rise followed solid U.S. inflation data and President Trump’s comments suggesting he will keep Fed Chair Jerome Powell in place, reducing expectations for near-term Fed rate cuts. Meanwhile, markets continued to monitor U.S.-EU trade negotiations ahead of the August 1 deadline.
Resistance for the pair is at 1.1670, while support is at 1.1580.
Resistance for the pair is at 1.1670, while support is at 1.1580.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.