Euro Holds Firm as US-Iran Peace Deal Boosts Risk Appetite, Fed Decision Looms
EUR/USD holds near 1.1598 on Monday as a US-Iran peace deal lifts risk appetite, reducing safe-haven demand for the dollar. Traders now await the upcoming Fed decision.
EURUSD
The euro remained resilient on Monday, with EUR/USD trading around 1.1598 after reaching an intraday high. The move was driven by a reported US-Iran peace deal, which improved risk sentiment and weighed on the safe-haven US dollar.
Market participants are now turning their attention to the Federal Reserve’s upcoming policy decision, which could introduce further volatility for the pair. The deal reduces geopolitical tensions, supporting higher-risk currencies against the greenback.
Source: FXStreet Forex News