Euro Defies Uncertainties and Gains Momentum

Positive developments for the European common currency: The Euro surpasses the 1.18 US dollar mark in late US trading, reaching 1.1806 dollars. The reference rate set by the European Central Bank was previously at 1.1784 US dollars, which lowers the dollar to a value of 0.8486 euros. Despite this movement, major fluctuations have yet to occur. Analysts at Landesbank Hessen-Thüringen continue to see the Euro in a waiting position. The uncertainties caused by tariffs introduced by US President Donald Trump weigh on the markets and simultaneously cause nervousness, as does the ongoing Iran conflict. Nevertheless, there remains room for diplomatic solutions. In the US, the highly anticipated State of the Union address provided little new economic impetus. President Trump mainly emphasized domestic achievements of his tenure, but refrained from significant innovations that could substantially influence the course of the US currency.