EUR/USD expiries at 1.1400 and 1.1450 levels may influence price action
The dollar is softer on the day, giving up some gains from yesterday. Higher Treasury yields will continue to underpin the greenback.
US-Iran developments remain a key risk, potentially disrupting the global energy market. This could exacerbate tighter supply conditions and threaten higher prices, feeding into inflation fears.
EUR/USD price action is likely to remain cagey ahead of US trading. Additionally, a USD/JPY expiry at the 163.00 level may have limited impact due to intervention risks.