The euro remains steady against the dollar amid geopolitical risks in the Middle East and ahead of U.S. consumer sentiment data.
The EUR/USD pair traded near 1.1445 in early Asian trading on Friday, showing little movement as investors monitored escalating tensions in the Middle East. The lack of volatility reflects cautious sentiment ahead of key economic releases later in the day.
Prior sessions saw the pair fluctuate within a narrow range, with traders balancing geopolitical risks against expectations for U.S. economic data. The preliminary Michigan Consumer Sentiment Index for July, due later Friday, could influence dollar strength and near-term currency movements.
Markets remain on edge as developments in the Hormuz region add to broader uncertainty, though immediate price action has been muted.