Key Numbers

  • 1.1622 — EUR/USD level at 09:30 GMT, up 0.19% (FXStreet, 24 Apr 2026)
  • 0.5870 — NZD/USD target region, approaching on Thursday (FXStreet, 25 Apr 2026)
  • April 30 2026 — Fed’s FOMC minutes signal softer safe‑haven tone (FXStreet, 25 Apr 2026)

Bottom Line

The euro and kiwi have rallied as US‑Iran negotiations lift risk appetite and dent the dollar.

Long positions on EUR/USD and NZD/USD now have better risk‑reward odds.

EUR/USD climbed to 1.1622 on April 24, 2026, while NZD/USD nudged toward 0.5870 on April 25, 2026. The moves reflect a weakening dollar, giving traders a clear edge on long euro and kiwi trades.

Why This Matters to You

If you hold euro‑denominated assets, the recent rally adds upside potential and may improve portfolio returns. Dollar‑linked short positions could face tighter stops as the greenback loses ground.

Euro Breaks Below 1.1600 — Long Bias Gains Momentum

Surprisingly, the euro managed to hold above the 1.1600 psychological barrier despite a hawkish Fed outlook (FXStreet, 24 Apr 2026). The floor held because US‑Iran talks reduced safe‑haven demand for the dollar, letting risk‑assets rally.

Traders can consider buying on pull‑backs to the 1.1580‑1.1600 range, targeting the 1.1700 resistance where previous highs clustered (FXStreet, 24 Apr 2026). A stop below 1.1550 limits downside if the dollar rebounds.

Kiwi Pushes Toward 0.5870 — Dollar Weakness Extends to NZD

Counterintuitively, the NZD rallied as market sentiment improved, even though the Fed minutes hinted at a softer tone (FXStreet, 25 Apr 2026). The kiwi’s ascent mirrors the euro’s move, underscoring a broader dollar‑weakening theme.

Entry near 0.5835 with a target of 0.5900 offers a tidy risk‑reward profile; place a stop at 0.5800 to guard against a sudden risk‑off swing (FXStreet, 25 Apr 2026).

What to Watch

  • US‑Iran negotiation updates (next week) — could trigger further dollar weakness (this week)
  • Fed’s next policy statement (July 2026) — a hawkish tilt may reverse the euro/kiwi rally (next month)
  • NZD/USD 0.5900 psychological barrier — breach may accelerate the upside (Q3 2026)
Bull CaseBear Case
Continued US‑Iran diplomatic progress keeps the dollar subdued, allowing EUR/USD and NZD/USD to test higher resistance levels.Any escalation in US‑Iran tensions or a surprise hawkish Fed note could reignite safe‑haven demand, pulling the dollar back and capping euro/kiwi gains.

Will the easing of US‑Iran tensions sustain a longer‑term dollar decline, or is the rally a short‑lived risk‑off bounce?

Key Terms
  • Safe‑haven — an asset that investors flock to during market stress, typically the US dollar or gold.
  • FOMC — the Federal Open Market Committee, the Fed body that sets US monetary policy.
  • Support level — a price area where buying pressure historically prevents further decline.