Geopolitical tensions and upcoming Federal Reserve minutes weigh on the euro, keeping the pair near 1.1400 in thin trading.
The EUR/USD pair remains above 1.1400 in early Asian trading but fails to gain traction as renewed US-Iran tensions bolster the US dollar. Thin market conditions and cautious sentiment ahead of the Federal Open Market Committee minutes limit buying interest in the euro.
The pair has struggled to extend gains beyond 1.1400, reflecting broader dollar strength amid geopolitical risks. Traders are also awaiting the FOMC minutes for clues on the Federal Reserve’s policy outlook, which could influence near-term currency movements.
Market reaction has been muted, with the euro trading in a narrow range as investors weigh the impact of geopolitical developments against monetary policy expectations.