The currency pair climbs above 1.1750 as geopolitical easing reduces demand for the safe-haven USD.
The EUR/USD pair advanced above the mid-1.1700 level during Thursday’s Asian session, nearing a two-week peak. The move follows renewed optimism over potential Iran nuclear deal progress, weakening the US dollar’s safe-haven appeal.
The pair had retreated from the 1.1800 zone late Wednesday but found support as dip-buying emerged. Prior sessions saw the euro struggle amid mixed economic data and shifting Fed policy expectations.
No immediate market reaction was specified, though the shift reflects broader risk sentiment trends.