Investor caution over US-Iran ceasefire uncertainty and upcoming US inflation data limits the Euro’s rebound from 13-month lows.
The Euro edges higher against the US Dollar but fails to sustain gains above 1.1400, remaining close to its 13-month low of 1.1320. Geopolitical risks, including unclear US-Iran peace talks and elevated tensions in the Strait of Hormuz, weigh on sentiment.
Traders are also awaiting key US inflation figures, which could influence Federal Reserve policy expectations. Meanwhile, ECB President Christine Lagarde’s speech in Sintra may offer limited direction as markets adopt a cautious stance ahead of US employment data.
Technical indicators show a corrective rebound, with momentum recovering from oversold levels, though the broader bearish trend remains intact.