Euro Holds Firm Near $1.15 Amid Easing Tensions and Strong Eurozone Data

The euro currency has held steady near its seven-week high of $1.15, fueled by easing geopolitical tensions and positive economic data from the eurozone.

US President Donald Trump's decision to call off planned strikes on Iran boosted risk sentiment, suggesting a possible diplomatic resolution to the conflict, although uncertainty persists due to Tehran's denial of any negotiations.

The eurozone economy grew 0.4% in the second quarter, surpassing forecasts and marking its strongest expansion since early 2025. Annual inflation accelerated to 2.9% in July, with core and services inflation also rising.