EUR/USD - Overview as of 04.04.2025

Financial and commodity markets analytics


Stock markets and the U.S. dollar ended Thursday in the negative amid increased tariff rhetoric from the U.S. and uncertainty before important employment data.The U.S. currency remains under pressure - currency market participants are cautiously reacting to the consequences of the latest tariff initiatives of Washington.The euro strengthened against the dollar, and overcame the highs reached in March, but faced resistance sellers before the mark 1.1150. We wrote about a potential resistance zone above this level yesterday.The key driver of the short-term dynamics on Friday will be the report on the labor market in the United States, which may affect the expectations for the Fed's rates.Ahead of the publication of employment data, the key attention is paid to the possible reaction of the Federal Reserve. Given that Fed Chairman Jerome Powell is scheduled to speak on Friday, the trading session may be volatile.