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fxJul 21, 2026, 3:21 PM

Euro Slips as Middle East Tensions Boost US Dollar Despite Upbeat ZEW Surveys

The euro declined against the US dollar on Tuesday as heightened Middle East tensions strengthened the greenback, overshadowing better-than-expected German ZEW economic sentiment data.

EURUSD

The euro edged lower against the US dollar on Tuesday, with EUR/USD trading around 1.1405, near a one-week low. The move was driven by safe-haven demand for the greenback amid escalating Middle East tensions.

Positive German ZEW survey results failed to support the common currency, as geopolitical risk dominated market sentiment. Investors continue to monitor developments in the region for further impact on currency markets.

Source: FXStreet Forex News