{"id":20945,"date":"2025-04-16T09:24:36","date_gmt":"2025-04-16T09:24:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=20945"},"modified":"2025-04-16T09:24:36","modified_gmt":"2025-04-16T09:24:36","slug":"eur-usd-surges-toward-1-14-as-dollar-sinks","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/eur-usd-surges-toward-1-14-as-dollar-sinks\/","title":{"rendered":"EUR\/USD Surges Toward 1.14 as Dollar Sinks"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image_fx-80-1024x559.png\" alt=\"\" class=\"wp-image-20946\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>EUR\/USD closes at 1.13681<\/strong>, up <strong>0.81%<\/strong>, after hitting a high of <strong>1.13922<\/strong>.<\/li>\n\n\n\n<li>Dollar weakness intensifies as <strong>USDX falls 0.8% to 99.4290<\/strong>, touching fresh multi-month lows.<\/li>\n\n\n\n<li>Nvidia\u2019s $5.5 billion warning spooks markets; <strong>STOXX 600 down 1.3%<\/strong>, <strong>DAX down 1.1%<\/strong>, <strong>FTSE 100 down 0.8%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The euro extended its rally on Wednesday, as traders fled the U.S. dollar amid <strong>worsening cross-border tensions, corporate volatility in tech<\/strong>, and <strong>mounting doubts about U.S. policy consistency<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US Secretary of the Treasury Scott Bessent addresses Wall Street\u2019s reaction to President Trump\u2019s economic policy: <a href=\"https:\/\/t.co\/Bm81qciwGk\">pic.twitter.com\/Bm81qciwGk<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1912239267901820999?ref_src=twsrc%5Etfw\">April 15, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The euro&#8217;s ascent was amplified by a <strong>broader dollar selloff<\/strong>, with the <strong>USDX Index falling 0.8% to 99.4290<\/strong>\u2014marking its lowest level since July 2023. <a href=\"https:\/\/www.binance.com\/en\/square\/post\/04-16-2025-concerns-over-tariffs-impacting-u-s-economy-lead-to-dollar-decline-22986963836241\">Jefferies economist Mohit Kumar<\/a> noted that traders are beginning to <strong><a href=\"https:\/\/fortune.com\/2025\/04\/11\/us-dollar-losing-safe-haven-status-investor-response\/\">question the dollar\u2019s exceptionalism<\/a><\/strong><strong> and long-term credibility as a reserve currency<\/strong>, especially as erratic tariff policies dent U.S. credibility.<\/p>\n\n\n\n<p>President Trump\u2019s decision to <strong><a href=\"https:\/\/t.co\/Fz3vmzE3dr\">block Nvidia\u2019s chip exports to China<\/a><\/strong>\u2014resulting in a <strong>$5.5 billion revenue hit<\/strong>\u2014triggered a rout in semiconductor stocks globally and <strong>exacerbated trade concerns<\/strong>. Nvidia shares plummeted, dragging peers like <strong>ASML Holding (\u20136%)<\/strong>, <strong>ASM International<\/strong>, and <strong>BE Semiconductor<\/strong> lower in Europe. The <strong>STOXX 600 dropped 1.3%<\/strong>, while the <strong>DAX<\/strong> and <strong>FTSE 100<\/strong> fell <strong>1.1%<\/strong> and <strong>0.8%<\/strong>, respectively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Bond Yields Steady as Risk Assets Retreat<\/h2>\n\n\n\n<p>Despite the equity fallout, <strong><a href=\"https:\/\/t.co\/C7SuMy5Apu\">U.S. Treasuries stabilised<\/a><\/strong>, with the <strong>10-year yield dipping slightly to 4.302%<\/strong>. The <strong>2-year yield fell to 3.793%<\/strong>, and the <strong>30-year slid to 4.762%<\/strong>. In Europe, <strong>Bund yields declined<\/strong>, with the <strong>German 10-year yield falling 5.5 basis points to 2.488%<\/strong>, as demand for safer assets returned.<\/p>\n\n\n\n<p>In Asia, <strong>tech-led declines <\/strong><strong><a href=\"https:\/\/t.co\/CizQyU9tny\">dragged the Nikkei<\/a><\/strong><strong> and Kospi down by 1% and 1.2%<\/strong>, respectively. Hong Kong\u2019s <strong>Hang Seng Index fell 1.7%<\/strong>, while the <strong>Hang Seng Tech Index dropped 3.3%<\/strong>, reflecting the broad global unease over semiconductor trade restrictions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>EURUSD has staged a <strong>strong intraday reversal<\/strong>, rebounding sharply from the <strong>1.12641<\/strong> low early on April 16 and climbing steadily into <strong>1.13681<\/strong> by session close. The move is backed by a clean <strong>bullish alignment<\/strong> across the 5, 10, and 30-period moving averages, with the 5MA crossing above the 30MA around the <strong>1.13000<\/strong> level\u2014marking the shift in short-term sentiment.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-18-1024x447.jpg\" alt=\"\" class=\"wp-image-20947\" \/><\/figure>\n\n\n\n<p><em>Picture: Bullish momentum holds as EURUSD eyes continuation above recent high, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>Momentum is confirmed by the <strong>MACD<\/strong>, which has shown an extended bullish phase with histogram bars consistently green and widening MACD lines. However, a slight narrowing of the MACD near the end of the chart suggests some <strong>potential for consolidation or pullback<\/strong> after the push to the high of <strong>1.13922<\/strong>.<\/p>\n\n\n\n<p>Key support now lies at <strong>1.13400<\/strong>, with resistance near the <strong>1.13900\u20131.14000<\/strong> zone. A clean break above could open up a run toward <strong>1.1440<\/strong>, while a dip back below 1.1340 might signal a fade toward the 1.1300 handle.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro rallies sharply as U.S. trade policies, Nvidia&#8217;s $5.5B hit, and waning dollar credibility weigh on global sentiment. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":20946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[10],"class_list":["post-20945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-forex"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/20945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=20945"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/20945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/20946"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=20945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=20945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=20945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}