The EUR/USD pair is showing little movement, hovering around the 1.1590 mark during the early hours of Thursday’s Asian session. Trump is scheduled to address the nation regarding the conflict with Iran later on Thursday. Markets are adjusting pricing in anticipation of potential rate hikes from the ECB in 2026. The EUR/USD pair remains stable at approximately 1.1590 in the early hours of the Asian session on Thursday. Markets exhibit caution in anticipation of US President Donald Trump’s address regarding the Iran conflict. The weekly Initial Jobless Claims report for the US is scheduled for release later on Thursday. Attention will be focused on the US Nonfarm Payrolls data this Friday.
Trump is set to address the nation at 01:00 on Thursday to provide a “update” regarding the ongoing conflict with Iran. The upcoming speech marks the president’s initial significant national address regarding the conflict, following the initial joint US-Israeli strikes on Iran that occurred in late February. A White House official indicated that Trump is anticipated to highlight US military achievements against Iran and reaffirm a timeline of two to three weeks for wrapping up the operation. Reducing tensions between the US and Iran has the potential to enhance market sentiment, which could exert downward pressure on the US Dollar as a safe-haven asset and provide support for the major pair.
The financial markets are currently reflecting an increased likelihood of the European Central Bank implementing tighter monetary policy, with a 76% chance of a 25-basis-point hike by June 2026, as reported. Prominent financial institutions, including J.P. Morgan and Barclays, have updated their projections to account for as many as three interest rate increases this year.