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fxAug 7, 2026, 1:55 AM

Euro Slides for Second Day as Middle East Tensions Boost Dollar

EUR/USD dropped to around 1.1520 in Asian trading on Friday, extending losses as safe-haven flows strengthened the US dollar amid lingering geopolitical concerns.

EURUSD

EUR/USD fell for a second consecutive session, trading near 1.1520 during Asian hours on Friday. The decline reflects sustained buying interest in the US dollar, which drew demand as a haven asset.

Heightened tensions in the Middle East have kept risk appetite subdued, prompting investors to rotate away from the single currency. The move extends the pair’s losses after it already weakened in the previous day’s session.

Source: FXStreet Forex News