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fxJun 11, 2026, 8:51 AM

ECB Set to Hike as US-Iran Tensions De-escalate

The European Central Bank is expected to raise interest rates while the US has completed strikes against Iran. Traders are cautiously optimistic that the recent escalation in the Middle East may be over, though the ceasefire remains fragile.

EURUSD

The European Central Bank is reportedly set to hike interest rates, according to market sources.

Meanwhile, geopolitical risks have eased after the United States announced the completion of strikes against Iran. Traders are digesting news that the flare-up in tensions in the Middle East could be over, but caution persists as the ceasefire remains fragile. The recent hostilities did not significantly impact oil prices, suggesting limited immediate supply disruption.

Source: FXStreet Forex News