EUR/USD gathers bullish momentum and rises toward 1.0450 in the European morning on Thursday.
EUR/USD trades in positive territory, well above 1.0400 early Thursday. The US Dollar struggles to find demand as risk mood improves. The pair could reverse its direction in case Trump announces reciprocal tariffs. The broad-based selling pressure surrounding the US Dollar fuels the pair's leg higher as risk flows dominate the action in financial markets. Euro PRICE Today The table below shows the percentage change of Euro against listed major currencies today.
According to CNBC,Trump could still unveil his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday. In case Trump does so, the USD could regain its traction and cause EUR/USD to turn south. On the other hand, the pair could build on its daily gains if markets don't get any new headlines on Trump's reciprocal tariffs.
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