Cooling Middle East tensions and softer US data push the euro higher against the dollar in early Asian trading.
The EUR/USD pair climbed to 1.1555 in Asian trading on Thursday, extending gains above 1.1550. The move follows a softer US dollar, driven by easing geopolitical tensions in the Middle East and weaker-than-expected US economic data.
Prior to this, the dollar had faced pressure from mixed economic indicators, though the upcoming US Initial Jobless Claims report could influence near-term direction. Comparable periods saw similar reactions to US data surprises, particularly when paired with geopolitical developments.
Market focus remains on the jobless claims release for further cues on the Federal Reserve’s policy outlook.