- April 16, 2026
- Posted by: EWGFX
- Category: news
The (EUR) edges up against the US Dollar (USD) on Thursday, trading right above 1.1800 at the time of writing, on track for a nine-day rally. Hopes of a new round of negotiations between the US and Iran have prompted investors to move away from the safe-haven Dollar, propelling the pair to pre-war levels.
US President Donald Trump confirmed ongoing indirect negotiations with Tehran and affirmed in an
interview that peace talks might resume in the coming days. He also affirmed that Israel and Lebanon will start “direct talks” soon, which would contribute to laying the ground for a steady peace agreement with Iran.
Apart from that, the US president has reignited his feud with Federal Reserve (Fed) Chair Jerome Powell, raising concerns about the central bank’s independence and adding pressure on the USD. The Republican threatened to oust him from his separate seat on the Board of Governors if he refused to vacate it at the end of his term as Fed Chair. Powell’s term as the central bank’s chief ends on May 15, but his term on the Board of Governors does not expire until 2028.