EURUSD regained momentum on Thursday, climbing back toward the 1.1450 mark after dipping to 1.1401 amid strong U.S. data and a hawkish Fed. The Fed held rates steady but signaled no rush to ease, supporting the U.S. Dollar. However, some dollar strength faded after investors digested upbeat Q2 U.S. GDP data, which rose 3%, and stronger-than-expected ADP jobs numbers. Meanwhile, the euro found support from Germany’s CPI, which rose 0.3% MoM and 2% YoY in July, beating forecasts. Broader market sentiment remains cautious due to trade tensions, with the White House announcing tariffs on Brazilian and copper imports. Despite strong U.S. data, uncertainty over global tariffs and profit-taking on the dollar allowed EURUSD to rebound modestly ahead of key U.S. data.

FTSE 100 index is seen opening lower on Friday, with futures down 0.4%. The FTSE Mib, after closing down 1.6% at 40,987.69 points, is now down 232.00 points. Elsewhere in Europe, Paris's CAC 40 is down 55.80 points, Frankfurt's DAX 40 is down 206.50 points.