Safe-haven demand for USD strengthens as Middle East tensions escalate and US-Iran talks stall.
EUR/USD traded at 1.1629 on Wednesday, remaining under pressure as investors await key US employment data. The US dollar gained support from heightened geopolitical risks, including stalled negotiations between Washington and Tehran and renewed Middle East tensions.
Prior to the data release, the pair showed limited volatility, reflecting cautious market sentiment. Analysts expect the upcoming jobs report to provide further direction for the Federal Reserve’s monetary policy stance.
No immediate market reaction was reported, with traders focusing on macroeconomic developments and geopolitical updates.