EURUSDEuro / US Dollar
1.1644
+0.20%
SUPPORT:1.161.155
RESISTANCE:1.1671.172
Past
What happened
Euro climbed to 1.1644 (+24 pips) in thin Memorial Day pre-Asia trade as the dollar slid further on Trump-Iran deal momentum and DXY broke 99.01.
Why
Why it matters
The euro is the pure mirror-image of dollar weakness right now — no native catalyst, just a market unwinding the safe-haven dollar bid as Hormuz reopening looks plausible.
Watch
What to watch
US holiday means thin liquidity all day. Friday's Lagarde speech and Wednesday's German Ifo will set the next ECB-vs-Fed differential trade; 1.1670 is the line.
HEADLINES
- The WSJ Dollar Index Rises 0.02% to 95.80The Wall Street Journal
- Treasury Yields Lose Steam But Still Rise on Hopes of Hormuz DealThe Wall Street Journal
- Energy shock from Iran war to weigh on Europe's growth, boost inflationAssociated Press