EUR/USD - Overview as of 02.05.2025

Financial and commodity markets analytics


The US dollar is on track to end another week with gains amid signs of progress in Washington's negotiations with trade partners. After falling last month due to the Trump administration's unpredictable tariff policy, the dollar, US government bonds and stock indices partially recovered.US Secretary of State Marco Rubio said that new trade talks with China are expected soon. His words coincided with the nature of publications in the Chinese media, which was seen as a signal of Beijing's openness to dialogue.On Friday, the markets' attention is focused on data on the state of the labor market and employment in the United States. Also, the focus is on the preliminary data on consumer inflation in Europe.When making trading decisions, it is necessary to take into account possible volatility and market reaction to the published data.At the moment, after testing the support area of 1.1200-1.1300, the EUR/USD pair is still held above this range.