EUR/USD falls to 1.1530 on Middle East uncertainty
The EUR/USD pair has lost traction to around 1.1530 during early Asian trading hours, pressured by uncertainty in the Middle East.
The European Central Bank (ECB) interest rate decision will be in the spotlight on Thursday, with markets fully pricing in a 25 basis points rate hike after Eurozone inflation climbed to 3.2%.
Any signs of rising tensions in the Middle East could boost a safe-haven currency such as the USD and act as a headwind for the major pair, with traders closely watching the ECB press conference for more hints about the interest rate outlook later this year.