The euro continues to strengthen, reaching $1.1818 on Tuesday and updating the maximum since July 3. Since the beginning of 2025, the currency has grown by almost 14%, which is the best result for the euro in nine months in the entire history of observations. Analysts believe that if the exchange rate overcomes the July peak of $ 1.1829, it will reach the highest level since September 2021 and may open the way to the key level of $1.20. The growing interest in the euro is supported by expectations of a different monetary policy trajectory: investors expect three Fed rate cuts of 25 bps by the end of the year, while the ECB does not demonstrate willingness to ease. An additional impetus is created by active demand for options to buy euros, which reflects the confidence of market participants after the ECB signals the end of the rate cut cycle. Experts note that with the current neutral position on the dollar, the single currency still has room for further growth.
