FX.co ★ Euro Holds Near Two-Week High

The euro maintained its position at $1.17, marking one of its strongest levels in the past fortnight, as US-Europe tensions seemed to temporarily abate. US President Donald Trump indicated a pause in tariff impositions on European nations that are against his initiative to acquire Greenland. He mentioned that talks with NATO Secretary-General Mark Rutte had resulted in a "framework for a future deal," although specifics were not disclosed. This news brought some reassurance to the markets, yet geopolitical uncertainty remains significant. Denmark has firmly dismissed any negotiations concerning the ceding of Greenland. Danish Prime Minister Mette Frederiksen emphasized that while discussions on security and investment are possible, the issue of sovereignty is unequivocal. On the policy side, the resilience of the Eurozone economy and inflation nearing target levels reinforce expectations that the European Central Bank will likely maintain interest rates unchanged for the foreseeable future.