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fxAug 6, 2026, 1:17 AM

Euro Strengthens Above 1.1550 on Softer US Data

The EUR/USD pair rose to near 1.1555 in Asian trading as the dollar weakened following soft US economic data and easing Middle East tensions.

EURUSD

The EUR/USD pair climbed to around 1.1555 during Asian hours on Thursday, with the euro gaining ground as the US dollar softened.

A combination of cooling geopolitical concerns in the Middle East and weaker-than-expected US economic releases weighed on the greenback, allowing the single currency to edge higher.

Market focus now shifts to the upcoming US Initial Jobless Claims report, due later in the session, for further cues on the health of the US labor market.

Source: FXStreet Forex News