Geopolitical tensions in the Middle East drive investors toward the US Dollar, pushing EUR/USD to a two-day low.
EUR/USD declined to 1.1520 in Asian trading on Friday, marking its second consecutive day of losses. The pair’s drop reflects renewed demand for the US Dollar as a safe-haven asset amid escalating Middle East tensions.
Prior to this decline, EUR/USD had stabilized near 1.1550 earlier in the week. The shift follows a broader trend of USD strength as investors seek stability in uncertain geopolitical conditions.
No immediate market reaction data was provided, but the move underscores risk aversion in currency markets.