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ForexMediumUpdated×2•Originally published 14 April 2026•Updated 14 April 2026•

1 min read

EUR/USD Hits Highest Level Since March Amid Iran Diplomacy Hopes

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

Key Facts

1EUR/USD climbed to 1.1765-1.1770, reaching its highest level since March.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Updated the story to include anticipation of US CPI data and the EUR/USD pair's fluctuations below the 1.1700 level.

Version 1about 2 months ago

What changed: The story was updated to include the impact of geopolitical optimism on the USD/CAD pair, which is now consolidating below the 1.3800 level.

The EUR/USD pair experienced notable price fluctuations around the 1.1700 level, occasionally weakening below this handle after previously hitting its highest level since March. This consolidation comes as traders shift their focus toward the upcoming release of US Consumer Price Index (CPI) data, viewed as a critical market driver for inflation expectations. Meanwhile, ongoing optimism regarding diplomatic engagement with Iran continues to influence sentiment, keeping the USD/CAD pair stable below the 1.3800 threshold. The combination of economic anticipation and geopolitical shifts has led to fluctuating demand for the US Dollar as a safe-haven asset. Investors are closely monitoring both political developments and inflation signals to determine the next directional move for the Euro and the DXY. Market participants remain cautious due to the volatile nature of current negotiations and their immediate impact on global liquidity flows.