The euro rose because talks between the U.S. and Russia about ending the Ukraine war made people feel Europe’s situation may improve.
President Trump signed a tariff agreement, which first caused the euro to fall to 1.0373, but reports said the tariffs would start in a few months, so the euro went up again. Since it is unclear how much tariffs will actually be applied, market fears have eased, and euro buying increased.
However, these issues are not solved yet. The Ukraine war and tariffs are still concerns, so after the euro’s recovery, it may fall again.
Euro-Dollar price forecast: 1.0500 – 1.0400
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