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    Euro market update

     

    The euro (EUR) has remained mostly flat amid growing concerns over trade tensions between the EU and the US, particularly following the EU's commitment to retaliate against US tariffs on steel and aluminium. This uncertainty has weighed on investor sentiment. However, there was some resilience in the EUR's performance, bolstered by optimism surrounding ceasefire discussions in Ukraine.

    Currently, the euro is trading near 90-day highs against the US dollar at 1.0922, which is a significant 4.5% above its three-month average of 1.0456. The EUR/USD pair has been relatively stable, trading within a range of 1.0217 to 1.0922. Similarly, the EUR/GBP is at 30-day highs around 0.8439, representing a 1.2% increase over its three-month average of 0.834. With stability shown in the EUR/GBP pair as well, which has traded within a narrow 2.6% range from 0.8242 to 0.8454, the euro maintains a strong foothold against major currencies.

    BestExchangeRates.com keeps you up-to-date on Euro forecasts by collating the views of reliable FX forecasters and economists together with recent EUR price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.

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