EUR/USD Steady Around 1.1445 Amid Renewed Hormuz Tensions
The euro holds near 1.1445 in early Asian trading as traders assess renewed hostilities in the Hormuz region. The preliminary Michigan Consumer Sentiment Index for July is due later today.
The EUR/USD pair is trading flat near 1.1445 during Friday's Asian session, showing little movement as market participants digest fresh geopolitical risks tied to the Strait of Hormuz. Renewed hostilities in the region are keeping sentiment cautious, though the euro has held its ground for now.
Later in the session, the preliminary reading of the University of Michigan Consumer Sentiment Index for July will be released, offering a snapshot of US consumer confidence. Traders will watch for any shift in risk appetite or safe-haven flows that could move the pair from its current range.
Source: FXStreet Forex News