Geopolitical risks and supply concerns push the Euro lower against the Dollar as markets react to escalating Middle East conflict.
The Euro traded near 1.1400 against the US Dollar on Monday, pressured by rising geopolitical tensions between the US and Iran. The closure of the Strait of Hormuz heightened risk aversion, dampening demand for the single currency at the start of the week.
Earlier sessions saw the pair stabilize above 1.1450, but renewed conflict fears and potential supply disruptions weighed on sentiment. Markets also priced in inflationary risks from prolonged disruptions in key shipping routes.
No immediate market reaction data was reported, but safe-haven flows likely supported the Dollar as investors sought stability.