EUR/USD - Overview as of 07.03.2025

Financial and commodity markets analytics


The European Central Bank cut interest rates on Thursday, as predicted, and signaled the possibility of further easing interest rates and signaled the possibility of further policy easing. policy. The decision comes amid heightened economic uncertainty caused by a potential trade war with the U.S. and rising military spending. This move by the ECB put pressure on the single European currency. EUR/USD met resistance in the range we described on Wednesday (1,0770-1,0930). Today trading participants will closely follow the market during the periods of publication of data on the state of the US labor market. In addition, we expect speeches of the Chairman of the Federal Reserve System Jerome Powell and the President of the United States Donald Trump. President of the United States Donald Trump.