Euro Dips Below 1.1550 as US-Iran Tensions Weigh on Risk
EUR/USD slipped to near 1.1530 in Asian trading on Wednesday as uncertainty around US-Iran talks and the Strait of Hormuz weighed on the risk-sensitive euro.
EURUSD
The euro weakened against the US dollar on Wednesday, with EUR/USD dipping below the 1.1550 mark to trade around 1.1530 during Asian trading.
The move came amid lingering uncertainty over US-Iran negotiations and instability near the Strait of Hormuz, a key choke point for global oil supplies. The euro, often viewed as a risk-sensitive currency, faced selling pressure as investors sought the relative safety of the dollar.
Source: FXStreet Forex News