The euro falls against the dollar as traders await clarity on a potential 60-day truce extension in US-Iran talks.
The EUR/USD pair declined to around 1.1635 in early European trading Friday, extending losses below 1.1650. Uncertainty over a US-Iran peace deal remains the primary driver, with markets awaiting comments from US officials on a proposed 60-day truce extension.
Prior sessions saw the pair fluctuate near 1.1650, with volatility tied to geopolitical developments. Traders are also monitoring Germany’s preliminary inflation readings later today for further direction.
No immediate market reaction was reported beyond the currency pair’s decline.