Geopolitical uncertainty in Iran strengthens the US Dollar, pushing the Euro below 1.1650 in early Asian trade.
The EUR/USD pair fell to 1.1645 in early Asian trading on Tuesday, extending losses as the US Dollar gained support from heightened Middle East tensions. Persistent uncertainty surrounding Iran contributed to the Dollar’s strength, weighing on the Euro.
The move follows a broader trend of risk aversion in currency markets, where geopolitical risks often drive demand for safe-haven assets like the USD. No prior consensus or comparable data was provided for this session.
Market reaction remained muted in early trading, with focus shifting to upcoming economic releases for further direction.