09 Aug 2025
EUR/USD trades near weekly high as USD faces weekly loss on Fed bets, geopolitical hopes
EUR/USD trades at 1.1648, easing 0.14% but holding close to the 1.1700 mark.
Reports suggest Trump–Putin meeting next week could lead to ceasefire in Eastern Europe.
Euro’s upside capped by stronger USD and speculation over Waller’s potential nomination as next Fed Chair.
The EUR/USD consolidates near the week's highs, shy of testing the 1.1700 figure on a week in whichthe US Dollar is poised to finish the week with over 1.84% losses against its peers. The hangover of last week’s US Nonfarm Payroll figures, and subsequent worse-than-expected employment data, underpins the Euro, due to increasing chances that the Federal Reserve (Fed) will resume its easing cycle.
