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February 21, 2025

EUR/USD Gains Limited Amid ECB-Fed Divergence

The current landscape for the Euro to US Dollar (EUR/USD) exchange rate faces challenges as the US Dollar relinquishes gains that came despite discussions surrounding tariffs. Additionally, rate cuts in both Australia and New Zealand add complexity to the situation. On another front, the Federal Reserve (Fed) released hawkish minutes, hinting that officials may refrain from rate adjustments until they witness tangible progress regarding inflation. Recently, the dollar index tested the 100-day moving average and remains near that congested level, indicating a cautious outlook for EUR/USD’s potential to rise. Traders should monitor these dynamics closely, as they may significantly impact future currency movements.

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