EUR/USD jumps near YTD highs after Trump announces a complete Iran-Israel ceasefire

  • The EUR/USD pair is rallying on Tuesday, following a significant rebound on Monday after US President Donald Trump announced a "complete and total ceasefire" between Israel and Iran. The common currency has jumped about 1.30% from Monday's lows to reach levels right above 1.1600 at the time of writing, at a short distance from the year-to-date high of 1.1630.