EUR/USD Slips Below 1.1550 on US-Iran Tensions
The euro edged lower to near 1.1540 during early Asian trading as renewed Middle East tensions following US strikes against Iran weighed on the common currency.
EURUSD
The EUR/USD pair lost momentum in early Asian trading on Wednesday, falling to around 1.1540. The decline was driven by escalating geopolitical risk after the United States launched self-defense strikes against Iran.
The fresh outbreak of hostilities in the Middle East triggered safe-haven flows toward the US dollar, putting downward pressure on the euro. Market participants are now monitoring further developments for potential impact on energy markets and broader risk sentiment.
Source: FXStreet Forex News