The Euro (EUR) turned positive against the US Dollar (USD) in the daily charts heading into the US session opening on Monday as the EUR/USD bounced to 1.1540 after hitting three-month lows at 1.1499.
US President Donald Trump’s calls to end the hostilities in the Middle East have soothed investors and contributed to trimming some of the recent USD gains
Trump affirmed earlier on Monday that final negotiations on “peace” are proceeding, and that getting in this way is subject to “ignorance or stupidity”. The US President called for an immediate ceasefire of the hostilities between Israel and Iran after the rivals exchanged attacks, ramping up concerns of an all-out war and sending Oil prices higher. In the Eurozone, the Sentix Investors’ Confidence Index ticked up in June, yet within levels consistent with a dismal investors’ mood and, anyway, below the average numbers seen before the US-Israel attack on Iran.
Earlier on the day, German Industrial Orders dropped well beyond market expectations, clouding the Eurozone outlook further and adding pressure on the EUR. On Friday, the US Labour Statistics Office revealed that Nonfarm Payrolls rose by 172K in May, beating expectations of an 85K rise, while April’s figures were upwardly revised to 179K from previous estimates of a 115K increase. These numbers confirm that employment creation is gathering pace in the US in 2026, after a weak 2025 year, and boost hopes that the Federal Reserve will tighten its monetary policy later this year, which has sent the US Dollar higher across the board.