The currency pair settled at 1.1640 after recent volatility, driven by reports of US-Iran diplomatic progress.
EUR/USD closed at 1.1640 on Friday, recovering from earlier volatility as pressure on the US dollar eased. The move followed reports of preliminary agreements between the US and Iran, which reduced geopolitical tensions affecting currency markets.
Prior to the session, the pair experienced sharp swings, reflecting uncertainty over monetary policy and global risk sentiment. The latest print marks a modest rebound from multi-week lows, though broader market risks persist amid shifting central bank expectations.
Traders remain cautious as macroeconomic data and policy signals continue to influence currency movements.