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fxJul 9, 2026, 5:09 AM

Euro Strengthens Ahead of Germany's Trade Balance Data

EUR/USD extends gains for a second day, trading near 1.1430, as the euro gets support ahead of Germany's trade balance data release.

EURUSD

EUR/USD continues its upward trend, trading around 1.1430 during Asian hours on Thursday. The euro gains support against the US dollar as markets anticipate Germany's trade balance data later today.

The trade balance figures are expected to provide further direction for the currency pair. Analysts are watching for signs of economic resilience in the eurozone, though no specific forecasts are mentioned in the source.

Traders remain focused on the release, which could either reinforce or reverse the current positive momentum for the euro.

Source: FXStreet Forex News