Euro slips below 1.1600 as US-Iran worries weigh on EUR/USD
EUR/USD drops to around 1.1575 in early European trading, snapping a three-day winning streak as US-Iran tensions sap demand for the euro.
EURUSD
The euro lost ground against the dollar on Tuesday, trading near 1.1575 after breaking below 1.1600. The decline put an end to a three-day streak of gains for EUR/USD.
The move came during the early European session as traders turned more cautious about the US-Iran conflict and the possible closure of the Strait. That shift supported the US dollar and pressured the common currency.
Source: FXStreet Forex News