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fxJul 9, 2026, 11:40 AM

Euro Retreats to 1.1425 as USD Recovers on Safe-Haven Bids

The euro fell back toward 1.1425 against the dollar in European trading on Thursday as the US dollar recovered early losses amid renewed safe-haven demand linked to geopolitical tensions.

EURUSD

The euro (EUR) slipped to near 1.1425 against the US dollar (USD) during Thursday's European session. The decline came as the greenback clawed back most of its earlier losses, supported by improving appetite for safe-haven assets.

The move follows renewed geopolitical concerns that have shifted market sentiment back toward defensive positions. The pair remains sensitive to risk appetite and any further escalation could see the dollar extend its rebound.

Source: FXStreet Forex News