Euro climbs above 1.1400 as US Dollar loses ground
EUR/USD trades with a mild positive bias on Monday as the US Dollar (USD) gives back its earlier gains. At the time of writing, the pair trades around 1.1424 after recovering from an intraday low of 1.1384.
  • EUR/USD edges higher as the US Dollar gives back its early gains.
  • Higher Oil prices and expectations of a Fed rate hike limit the pair’s upside.
  • Traders await US CPI and Eurozone inflation data for fresh monetary policy clues.

EUR/USD trades with a mild positive bias on Monday as the US Dollar (USD) gives back its earlier gains. At the time of writing, the pair trades around 1.1424 after recovering from an intraday low of 1.1384.

The Greenback opened the week higher after the United States (US) and Iran exchanged missile and drone attacks over the weekend. Washington struck targets in southern Iran, while Tehran targeted US military facilities across the Gulf. Iran also claimed that it had once again closed the Strait of Hormuz.

In an interview with Fox News on Monday, US President Donald Trump said the United States would be the “guardian” of the Strait of Hormuz and added, “We had a deal, and they broke it.”

The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, slips back below 101.00 after touching an intraday high of 101.22.

The US Dollar has failed to benefit from the latest hostilities as markets see little chance of the fighting turning into a full-blown war, while diplomatic efforts continue.

However, the US Dollar’s downside appears limited, as the situation remains fluid and energy-driven inflation concerns return to the forefront. West Texas Intermediate (WTI) crude Oil is up more than 3% on Monday, trading around $74.00 per barrel.

ING analysts noted, “With energy prices turning bid again and no signs of an imminent slowdown in US activity to take the sting out of higher prices, (keeping Fed tightening prospects alive), the Dollar should hold onto its gains.” They added that the Greenback is likely to remain favoured against low-yielding energy importers such as the Euro and the Japanese Yen.

Traders are increasingly pricing in a Federal Reserve (Fed) interest rate hike by year-end, while also expecting another rate increase from the European Central Bank (ECB).

The US Consumer Price Index (CPI) data on Tuesday and the Eurozone’s final inflation figures on Friday will be closely watched for fresh clues about the monetary policy outlook on both sides of the Atlantic.

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.08% 0.09% 0.29% -0.10% 0.19% -0.29% 0.17%
EUR 0.08% 0.17% 0.35% -0.03% 0.28% -0.16% 0.26%
GBP -0.09% -0.17% 0.22% -0.20% 0.12% -0.32% 0.14%
JPY -0.29% -0.35% -0.22% -0.41% -0.11% -0.55% -0.07%
CAD 0.10% 0.03% 0.20% 0.41% 0.31% -0.12% 0.34%
AUD -0.19% -0.28% -0.12% 0.11% -0.31% -0.40% 0.06%
NZD 0.29% 0.16% 0.32% 0.55% 0.12% 0.40% 0.47%
CHF -0.17% -0.26% -0.14% 0.07% -0.34% -0.06% -0.47%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

100만 명이 넘는 사용자가 FXStreet를 통해 실시간 시장 데이터, 차트 도구, 전문가 인사이트, 포렉스 뉴스를 이용합니다. 포괄적인 경제 캘린더와 교육 웨비나는 트레이더가 정보를 유지하고 신중한 결정을 내리도록 돕습니다. FXStreet는 바르셀로나 본사와 전 세계 지역에 걸쳐 약 60명의 팀으로 구성되어 있습니다.
더 읽기

실시간 시세

이름 / 기호
차트
% 변동 / 가격
GBPUSD
1일 변동
+0%
0
EURUSD
1일 변동
+0%
0
USDJPY
1일 변동
+0%
0

FOREX에 대한 모든 것

탐색 더 많은 도구
트레이딩 아카데미
거래 전략, 시장 인사이트, 금융 기초를 다루는 다양한 교육 기사를 한 곳에서 탐색해보세요.
더 알아보기
코스
거래 여정의 모든 단계에서 성장을 지원하도록 설계된 체계적인 거래 코스를 탐색해보세요.
더 알아보기
웨비나
업계 전문가로부터 실시간 시장 인사이트와 거래 전략을 얻기 위해 라이브 및 온디맨드 웨비나에 참여하세요.
더 알아보기