The movement of the EUR/USD currency pair above the value of 1.1300 is of particular interest in the current market environment, especially in the lead-up to the release of US Non-Farm Payroll (NFP) data. This data is a crucial indicator of the economic health of the USA and can significantly impact the value of the US Dollar.
Current Market Situation
- Current Exchange Rate: On May 1, 2025, the EUR/USD exchange rate stood at approximately 1.1297.
- Historical Data: In 2025, the exchange rate fluctuated between a low of approximately 1.0243 and a high of 1.152.
- Forecasts for 2025: Analysts expect that the EUR/USD exchange rate may continue to rise this year, with forecasts ranging from 1.065 to 1.2133.
Impact of US NFP Data
The US NFP data is critical for the Federal Reserve’s monetary policy and can strongly influence the US Dollar. A strong employment figure can lead to a strengthening of the US Dollar, while weak numbers might weaken it. Therefore, the movement of the EUR/USD pair before the release of this data is particularly interesting for investors.
Market Movements and Forecasts
- Short-Term Forecasts: Some analysts see potential for further strengthening of the EUR/USD pair, especially if it remains above the level of 1.1275.
- Long-Term Forecasts: In the long term, some experts expect the exchange rate to rise to values such as 1.2133 by the end of 2025, while others predict a correction to about 1.0770.
Overall, the movement of the EUR/USD pair above 1.1300 is an important indicator of market expectations ahead of the US NFP data and could signal a continued strengthening of the Euro against the US Dollar.