The Euro (EUR) holds onto its opening gains against the US Dollar (USD) around 1.1645 at the start of the European trading session on Monday. The major currency pair trades firmly as the market sentiment remains favorable for riskier assets due to firm expectations that the United States (US) and Iran are close to reaching a deal.
During the press time, S&P 500 futures are up almost 0.9% to near 7,540, reflecting strong risk-appetite of market participants. The risk-on profile has diminished the safe-haven demand of the US Dollar. In early European trade, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, clings onto early losses near 99.00.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Australian Dollar.
USD EUR GBP JPY CAD AUD NZD CHF USD -0.33% -0.37% -0.19% -0.08% -0.54% -0.45% -0.34% EUR 0.33% -0.06% 0.13% 0.24% -0.23% -0.11% -0.03% GBP 0.37% 0.06% 0.19% 0.30% -0.18% -0.05% 0.01% JPY 0.19% -0.13% -0.19% 0.12% -0.38% -0.28% -0.21% CAD 0.08% -0.24% -0.30% -0.12% -0.48% -0.37% -0.31% AUD 0.54% 0.23% 0.18% 0.38% 0.48% 0.11% 0.18% NZD 0.45% 0.11% 0.05% 0.28% 0.37% -0.11% 0.06% CHF 0.34% 0.03% -0.01% 0.21% 0.31% -0.18% -0.06%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The US-Iran deal hopes have deepened, following the post from US President Donald Trump on Truth Social, over the weekend, that an agreement with Iran is “largely negotiated”, which includes the reopening of the Strait of Hormuz and other elements. Trump added, “Final aspects and details of the deal are currently being discussed, and will be announced shortly.” This prompted investors’ confidence that a deal between both nations will be reached soon.
However, in a separate post that came later, US President Trump said that there is “no rush for the deal,” as time is on Washington’s side.
A sharp decline in oil prices due to US-Iran deal hopes has also diminished hopes of at least one interest rate hike by the Federal Reserve (Fed) this year. According to the CME FedWatch tool, the odds of the Fed delivering at least one interest rate hike this year are almost 57%, down from 67% recorded on Friday.
In the Eurozone, comments from various European Central Bank (ECB) officials pointing to an increase in inflationary pressures in the near term are raising expectations of an interest rate hike going forward.
ECB policymaker and the head of Belgium’s central bank, Pierre Wunsch, said last week that the central bank needs to act at some point, as “we are at the beginning of an inflation problem”.
Editorial note: This recovered market brief has been cleaned and reclassified by Next Move Markets for educational market intelligence. It is not investment advice.
Next Move Markets desk view
For active traders, this brief should be read through the lens of currency markets rather than as a standalone headline. The key question is whether the theme behind Euro holds early gains against US Dollar amid US-Iran deal hopes can influence positioning beyond the first reaction. That means watching central-bank expectations, yield differentials, dollar momentum and risk appetite together, not in isolation.
A richer trading read comes from separating the catalyst from confirmation. The catalyst explains why markets are paying attention; confirmation comes from price action, liquidity and cross-asset behavior after the headline is digested. If those signals do not align, traders should treat the move as fragile and keep risk tighter.
What traders should watch next
- Whether the move is confirmed by the U.S. dollar index and short-term rate expectations.
- How London and New York liquidity react once the initial headline risk is absorbed.
- Whether price action respects the latest support and resistance zones instead of fading immediately.
- Any follow-up comments from central-bank officials or data releases that change the rate path.
Risk context
This article is a market-intelligence brief, not a trade recommendation. Before acting on the theme, traders should define invalidation, position size and the time horizon of the setup. The same headline can support a short-term reaction and still fail as a multi-session trend if liquidity, policy expectations or broader sentiment move the other way.
Scenario map
The base case is that traders keep this theme on the radar while waiting for confirmation from central-bank expectations, yield differentials, dollar momentum and risk appetite. A stronger continuation scenario requires follow-through after the first reaction, preferably with related assets moving in the same direction. A failure scenario develops if the headline is quickly absorbed, volatility fades and price returns inside the previous range.
For currency markets, the most useful approach is to compare the article theme with live market behavior. If the market confirms the narrative, pullbacks can become more constructive. If the market rejects it, the headline becomes background noise rather than a trading driver.
Execution discipline
- Define the level first: traders should know where the idea is invalidated before thinking about upside or downside.
- Separate news from setup: Euro holds early gains against US Dollar amid US-Iran deal hopes may explain attention, but entry quality still depends on timing, liquidity and risk/reward.
- Watch confirmation: a clean move usually appears across related markets, not only in one isolated instrument.
- Control exposure: if volatility expands, smaller position sizing can be more professional than chasing the headline.
Next Move Markets treats this kind of brief as a starting point for preparation: identify the driver, map the scenarios, then wait for the market to prove which path is actually being priced.
