The euro EU0009652759 fell slightly on Friday.

In the morning, the common currency traded at 1.1689 US dollars, slightly lower than the previous day. The day before, it had temporarily risen to 1.1744 dollars, its highest level since September 2021.

Over the course of the week, the common currency gained about two percent in value. Price drivers were investors' increased risk appetite following the ceasefire in the war between Israel and Iran and increased speculation about falling interest rates in the US. The prospect that the US Federal Reserve might cut its key interest rate sooner than previously thought weighed on the dollar and, in turn, boosted the euro.

Analysts at Landesbank Hessen-Thüringen (Helaba) predict a weak dollar this trading week. According to a media report, this was partly due to US President Donald Trump's intention to announce a successor to Fed Chairman Jerome Powell, whom he has sharply criticized, as early as September or October. Powell's term of office does not end until May 2026.

"In the short term, the euro's price movement is quite impressive," said foreign exchange expert Volkmar Baur of Commerzbank. Since the beginning of the year, the common currency has already gained around 13 percent in value.