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fxJul 22, 2026, 8:29 AM

EUR/USD Hovers Near 1.1400 as Iran Tensions and Oil Weigh

The euro remains capped below 1.1420 against the dollar, pulling back to just above 1.1400 amid geopolitical risks in Iran and rising oil prices.

EURUSD

The euro struggled to extend a modest Asian-session gain on Wednesday, with EUR/USD capped below the 1.1420 level. The pair has since pulled back to a few pips above 1.1400 during European trading hours.

Rising geopolitical tensions in Iran and higher oil prices are keeping the common currency under pressure, as risk-off sentiment supports the safe-haven US dollar. No further data or central bank commentary has shifted the near-term range.

Source: FXStreet Forex News