EUR/USD Holds Higher as DXY Eases, But Geopolitical Risks, Hawkish Fed Limit Upside
The euro held higher against the US dollar on Thursday as the US Dollar Index slipped 0.1% to 100.965, though renewed US-Iran tensions, Brent near $78, and hawkish Fed minutes kept euro gains limited. The markets showed the 87% possibility of a Fed hike this year, according to CME FedWatch. In Thursday's G10 trading, the euro showed mixed performance among other currencies. The next mild highlight for the euro will be the Harmonised Inflation Rate for June, due on Friday. For the USD, the major events will be the Initial Jobless Claims up to July 4 and Existing Home Sales for June, due later in the day. The EUR/USD pair was trading at 1.14352, with a 0.17% gain during Thursday's American session at the time of writing.
The euro held higher against the US dollar on Thursday as the US Dollar Index slipped 0.1% to 100.965, though renewed US-Iran tensions, Brent near $78, and hawkish Fed minutes kept euro gains limited.
The markets showed the 87% possibility of a Fed hike this year, according to CME FedWatch.
In Thursday's G10 trading, the euro showed mixed performance among other currencies.
The next mild highlight for the euro will be the Harmonised Inflation Rate for June, due on Friday.
For the USD, the major events will be the Initial Jobless Claims up to July 4 and Existing Home Sales for June, due later in the day.
The EUR/USD pair was trading at 1.14352, with a 0.17% gain during Thursday's American session at the time of writing.