Trump’s remarks on Iran de-escalation progress trigger a sharp drop in the Dollar Index, lifting EUR/USD forecasts.
EUR/USD is projected to rise toward 1.1800-1.1850 after the Dollar Index fell sharply on President Trump’s comments about progress in Iran de-escalation talks. The move suggests potential for further downside in the index, with support seen near 97-96 before a possible rebound.
The Dollar Index’s decline follows a shift in geopolitical sentiment, contrasting with recent tensions that had supported the greenback. Analysts had previously expected limited downside for the index, but the sudden easing of Iran-related risks has altered near-term forecasts.
No immediate market reaction data was provided, but the shift in tone could weigh on USD pairs in early trading.