The Euro gains against the Dollar as optimism over US-Iran negotiations and hawkish Fed expectations lift the currency pair.
The EUR/USD pair climbed to 1.1622, recovering from earlier lows below 1.1600. The rebound follows growing speculation of a potential US-Iran deal, which has weighed on the US Dollar.
Market sentiment was also supported by expectations of a hawkish Federal Reserve after April’s monetary policy meeting. The Euro’s move reflects shifting risk dynamics and central bank policy outlooks.
Traders are monitoring geopolitical developments and Fed commentary for further direction in currency markets.