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fxJun 4, 2026, 3:44 PM

Euro Rises as Israel-Lebanon Ceasefire Boosts Risk Appetite

EUR/USD edges higher on Wednesday as easing Middle East tensions reduce safe-haven demand for the US Dollar, pushing the pair to around 1.1625, up 0.25% on the day.

EURUSD

The euro gained ground against the US dollar on Wednesday as news of a ceasefire between Israel and Lebanon lifted risk appetite in global markets. The reduction in geopolitical tensions led to diminished safe-haven demand for the USD, benefiting EUR/USD.

At the time of reporting, the pair was trading near 1.1625, up approximately 0.25% on the day. The move reflects a broader shift in sentiment away from defensive assets toward riskier currencies like the euro.

Source: FXStreet Forex News