EUR/USD (^EURUSD) today is up by +0.39%. The euro is climbing today after the ECB kept interest rates unchanged, as expected, and raised its 2025 Eurozone GDP forecast. The euro added to its gains on hawkish comments from ECB President Lagarde, who said the ECB now sees growth risks in the Eurozone as more balanced and the disinflationary process is over, signaling the ECB is done cutting interest rates.The markets are now pricing in a 100% chance of a -25 bp rate cut and a 12% chance of a 50 bp rate cut at ...

The dollar index (DXY00) on Tuesday recovered from a 1.5-month low and rose by +0.36%.  Higher T-note yields on Tuesday strengthened the dollar's interest rate differentials and sparked short covering in the dollar.  The dollar initially whipsawed lower and then higher on Tuesday after preliminary benchmark payroll revisions to US payrolls in the year through March 2025 showed fewer jobs than previously stated.  Limiting the upside in the dollar are the increased expectations for Fed easing through year- ...