• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

17 February 2025 07:58  |

EUR/USD trades below 1.0500 after snapping winning streak

EUR/USD snapped a four-day winning streak, hovering around 1.0490 during Asian trading hours. Liquidity during the North American session may remain thin as all major US financial markets will be closed on Monday for the federal holiday, Presidents Day.

The EUR/USD pair gained recently on the back of a delay in the implementation of US President Donald Trump’s reciprocal tariffs, which took longer than analysts had anticipated. Moreover, disappointing US economic data has weighed on the US Dollar (USD), lending further support to the EUR/USD pair. A weaker-than-expected US retail sales report has reignited speculation that the Federal Reserve (Fed) could cut interest rates later this year, despite ongoing inflation concerns.

Data from the US Census Bureau on Friday showed that US Retail Sales fell by 0.9% in January, following a revised 0.7% increase in December (previously reported as 0.4%). The decline was sharper than market expectations of 0.1%.

Meanwhile, JP Morgan notes that the EUR/USD pair could rise by up to 5% if a ceasefire in Ukraine is agreed and gas supplies are resumed. Reports suggest that Trump and Russian President Vladimir Putin have agreed to start negotiations to end the conflict. Sources cited by the BBC suggest that Trump administration officials will meet with their Russian counterparts in Saudi Arabia on Tuesday to discuss a possible peace deal.

Source: FXStreet

Related News

EUR/USD

EUR/USD Continues to Consolidate Amid Market Weakness

EUR/USD traded in a narrow range around 1.0400 during the European session on Friday (12/27) amid thin trading as market part...

27 December 2024 16:31
EUR/USD

EUR/USD Drops As USD’s Appeal Strengthens On Deepseek Con...

EUR/USD fell near 1.0420 during the North American session on Tuesday. The major currency pair weakened as the US Dollar (USD...

28 January 2025 21:09
EUR/USD

EUR/USD Firms Ahead of Another Friday’s NFP

EUR/USD moved quickly on the charts on Thursday, testing the lows but ending the day holding steady near the 1.0400 level. Eu...

7 February 2025 07:31
EUR/USD

EUR/USD Gains As Market Pressure Eases

EUR/USD surged eight-tenths of a percent higher on Tuesday, regaining lost ground but failing to reclaim the 1.0400 handle. T...

5 February 2025 07:35
BIAS23.com NM23 Ai