EUR/USD Surges on Tariff Delay and Peace Optimism
The EUR/USD pair extends its impressive winning streak for the fourth consecutive session on Friday. It showcases a new fortnight high near 1.0480 and aims to breach the significant resistance level of 1.0500. This upward movement reflects increased market optimism due to a delay in Trump’s reciprocal tariffs and growing hopes for peace between Russia and Ukraine. Traders are keenly observing this development as it may shape future trading strategies for the euro against the US dollar, leading to potentially heightened volatility in the forex market.
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