Euro Approaches Four-Year High Amid Trade Deal Optimism

The euro climbed close to its highest point in nearly four years on Thursday, riding a wave of market optimism following progress in trade deals involving the United States and its major trading partners, while the yen also gained strength.

Despite a planned visit by U.S. President Donald Trump to the Federal Reserve, an act that stoked tensions between the Trump administration and the Fed, the market remained largely focused on ongoing tariff negotiations.

A possible trade agreement between the European Union and the U.S., which could involve a 15% baseline tariff on EU goods alongside potential exemptions, was noted by European diplomats.

(With inputs from agencies.)