The Euro weakens against the Dollar as rising crude prices and global tensions weigh on investor sentiment.
The Euro extended losses to a six-week low, trading near 1.1600 against the US Dollar, as elevated oil prices and geopolitical uncertainty pressured the currency. The pair retreated from earlier highs around 1.1660 amid broad risk aversion.
Prior to the drop, EUR/USD had stabilized above 1.1650 in the previous session. Market consensus had anticipated a modest rebound, but persistent energy market volatility and escalating tensions in key regions disrupted the outlook.
No immediate market reaction was specified, though the shift reflects cautious positioning ahead of upcoming economic data releases.