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>>Euro holds above 1.1700 as investors watch ECB chief Lagarde and the prospect of a Trump‑Xi meeting

Euro holds above 1.1700 as investors watch ECB chief Lagarde and the prospect of a Trump‑Xi meeting

crypthub

about 1 hour ago

Euro Holds Near 1.1700

The euro stayed just above the 1.1700 barrier, trading in a tight range against the dollar. Inflation worries in the eurozone and mixed U.S.-China trade signals have stalled direction. Technical support at 1.1700 and resistance around 1.1780‑1.1820 define the current band.

Lagarde’s Upcoming Remarks

Markets await ECB President Christine Lagarde’s speech later this week for clues on future rate moves. A dovish tone could push the euro below 1.1700, while reaffirmed hawkishness may give a short‑term lift. The debate centers on the pace of tightening versus signs of a slowing bloc economy.

Geopolitical Uncertainty & Outlook

Rumors of a Trump‑Xi summit add a geopolitical layer, as any easing of U.S.-China tensions could buoy risk‑sensitive assets like the euro. Conversely, lack of progress may trigger a sell‑off. Traders also watch U.S. data—consumer confidence and housing—for hints on Fed policy that could swing the dollar‑euro balance.