Safe-haven demand lifts USD as geopolitical risks rise over stalled US-Iran peace negotiations.
The EUR/USD pair fell to 1.1635 in early Asian trading on Tuesday, pressured by uncertainty over the US-Iran peace deal. Investors shifted toward the USD amid heightened geopolitical risks, favoring safe-haven assets.
The pair had stabilized near 1.1650 in the previous session, with markets monitoring diplomatic developments. Comparable periods of US-Iran tensions have historically supported the USD against the EUR, particularly during risk-off sentiment.
No immediate market reaction data was reported beyond the currency pair’s decline.