EUR/USD is trading around 1.1740 on Monday at the time of writing, up 0.25% on the day. The pair is benefiting from renewed interest in the Euro (EUR) in an environment of weak US Dollar (USD), as investors adjust their positions amid ongoing macroeconomic and monetary policy uncertainty in the United States (US).
The current momentum is largely driven by continued pressure on the dollar. Markets remain concerned about the gradual slowdown in the US economy, with several recent indicators pointing to cool conditions in the labor market. These signals reinforce expectations of monetary easing by the Federal Reserve, limiting the possibility of a recovery in the US dollar. In addition, political and financial uncertainty in Washington continues to undermine investor confidence in the US dollar.
On the European side, the Euro is supported by a more stable backdrop. The European Central Bank (ECB) maintains a wait-and-see stance after confirming its firm policy outlook last week. European Central Bank President Christine Lagarde said that monetary policy is in a “good position” and that interest rates are likely to remain unchanged for a long time. This message of continuity, coupled with a slight improvement in growth and inflation expectations, improves market visibility and supports the single currency.
Several ECB officials echoed this view earlier in the day, highlighting a more balanced assessment of the risks to growth and inflation in the euro zone, despite economic activity remaining weak. This contrasts with the more uncertain US environment which contributes to the bullish bias in EUR/USD.
In the near term, investors remain focused on upcoming US macroeconomic releases, especially growth and inflation data, which could influence the Federal Reserve’s policy outlook and, in turn, the direction of the US dollar. For now, relative clarity around ECB policy compared to Fed policy continues to favor the euro versus the US dollar.
Euro price today
The table below shows the percentage change of the Euro (EUR) against the major currencies listed today. The euro was the strongest against the US dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.27% | -0.44% | -0.17% | -0.23% | -0.52% | -0.51% | -0.26% | |
| euro | 0.27% | -0.17% | 0.09% | 0.04% | -0.25% | -0.24% | 0.02% | |
| GBP | 0.44% | 0.17% | 0.27% | 0.21% | -0.08% | -0.07% | 0.18% | |
| JPY | 0.17% | -0.09% | -0.27% | -0.05% | -0.33% | -0.33% | -0.07% | |
| Canadian | 0.23% | -0.04% | -0.21% | 0.05% | -0.29% | -0.29% | -0.03% | |
| Australian dollar | 0.52% | 0.25% | 0.08% | 0.33% | 0.29% | 0.00% | 0.26% | |
| New Zealand dollar | 0.51% | 0.24% | 0.07% | 0.33% | 0.29% | -0.01% | 0.25% | |
| Swiss franc | 0.26% | -0.02% | -0.18% | 0.07% | 0.03% | -0.26% | -0.25% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select EUR from the left column and move along the horizontal line to USD, the percentage change displayed in the box will represent EUR (base)/USD (quote).
