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fxJun 18, 2026, 12:25 AM

Euro rebounds above 1.1500 as US-Iran deal boosts risk sentiment

The EUR/USD pair recovers to near 1.1515 during early Asian trading on Thursday, supported by improved risk sentiment following the US-Iran peace agreement and the Federal Reserve's decision to hold rates steady.

EURUSD

The EUR/USD pair has rebounded above the 1.1500 level, trading near 1.1515 during early Asian hours on Thursday. The Euro is gaining ground against the US Dollar as risk appetite improves following a peace breakthrough between the US and Iran. US President Donald Trump signed a Memorandum of Understanding (MoU) with Iran, easing geopolitical tensions.

Additionally, the Federal Reserve's decision to hold interest rates steady supports the risk-on mood. The Fed's cautious stance reinforces expectations of stable monetary policy, reducing demand for the safe-haven dollar.

Source: FXStreet Forex News