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fxJul 8, 2026, 2:11 PM

EUR/USD Steadies Above 1.1400 on US-Iran Tensions, FOMC Minutes in Focus

EUR/USD holds above 1.1400 as traders weigh renewed US-Iran hostilities and await the release of FOMC Minutes for further direction.

EURUSD

EUR/USD is trading steadily above the 1.1400 mark on Wednesday, recovering slightly after earlier selling pressure. The pair is consolidating as market participants assess the impact of fresh US-Iran tensions following overnight exchanges of fire after attacks on commercial vessels near the Strait of Hormuz.

All eyes are now turning to the Federal Reserve's FOMC Minutes, due later today, which could provide clues on the central bank's policy stance. The geopolitical risk adds an element of uncertainty, keeping the euro range-bound for now.

No major eurozone economic data is scheduled, leaving the pair sensitive to broader risk sentiment and any headlines from the Middle East.

Source: FXStreet Forex News