Geopolitical risks and uncertainty over US-Iran relations weigh on the euro as the dollar regains safe-haven demand.
EUR/USD retreated to 1.1762 on Tuesday, extending losses as the US dollar strengthened amid rising geopolitical tensions. US President Donald Trump’s skepticism over the Iran truce and rejection of Tehran’s latest peace proposal fueled demand for the greenback as a defensive asset.
The pair had traded near 1.18 earlier in the session before reversing course. Market focus remains on China’s economic outlook and Middle East stability, both key drivers for risk sentiment in recent weeks.
No immediate market reaction was reported, but traders are monitoring developments closely for further volatility.