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Euro against dollar: the longest series of rise since 2004


July, 01 2025
watermark Economic news

The euro is showing a record series of gains against the dollar, which could be the longest in the last two decades. On Tuesday, the currency rose to $1.1830, updating the maximum since September 2021 and having gained about 14% since the beginning of the year. If the day ends in positive territory, it will be the longest series of rises since 2004, second only to the two cases since the introduction of the euro in 1999.


Two thirds of the options last week, according to the Depository Trust & Clearing Corporation, were aimed at further strengthening the euro. Analysts suggest that the currency may rise to $1.25 in the medium term, despite possible weakening against the yen and Asian currencies.


ECB Vice President Luis de Guindos called the move to $1.20 «acceptable,» but noted that a significant strengthening of the euro could complicate the regulator's tasks, tightening financial conditions and affecting the economy. Nicholas Wall of J.P. Morgan believes that a strong euro is beneficial for Europe, especially against the backdrop of rising oil prices.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.