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fxJun 23, 2026, 5:37 AM

Euro declines below 1.1450 on US-Iran peace deal uncertainty

EUR/USD trades with mild losses around 1.1425 during early European session Tuesday as the US Dollar edges higher amid risk-off sentiment and a hawkish Federal Reserve, driven by uncertainty over a US-Iran peace deal.

EURUSD

The EUR/USD pair slipped below 1.1450, trading near 1.1425 in early European hours on Tuesday. The US Dollar strengthened against the euro as risk aversion took hold.

Market sentiment turned cautious on reports of uncertainty surrounding a potential US-Iran peace agreement. This geopolitical risk, combined with a hawkish tone from the Federal Reserve, supported the greenback.

The pair remains under pressure with the euro failing to hold above the 1.1450 level. Traders are monitoring further developments in US-Iran talks and Fed commentary for near-term direction.

Source: FXStreet Forex News