The currency pair extended gains as the US dollar weakened amid mixed inflation and economic signals.
EUR/USD rose to 1.1429 on Thursday, marking a continued rebound as the US dollar softened for a second session. The move reflects market focus on balancing elevated energy-driven inflation risks against softer economic data.
The pair had traded lower earlier in the week, with investors awaiting clearer guidance on Federal Reserve policy. Recent prints showed inflation pressures persisting, while growth indicators pointed to potential slowdowns.
No immediate market reaction was specified, though the dollar’s decline supported risk sentiment across major currency pairs.