The EUR/USD pair experienced upward momentum, approaching 1.0980 during Thursday’s Asian trading session. The Euro strengthened against the US Dollar following an agreement between German conservatives and the Social Democrats to stimulate economic growth and address migration concerns. This coalition deal is anticipated to bolster the Euro. Market sentiment was also positively influenced by the US President’s announcement of a 90-day suspension of new tariffs on numerous trading partners, providing additional support to the EUR/USD. The forthcoming US Consumer Price Index (CPI) data for March is a key event anticipated later in the day.
