EUR/USD trades near 1.1420, up less than 0.10% for the day
The EUR/USD pair attracts buyers for the second straight day, though it lacks follow-through and remains confined within the previous day’s range.
The USD Index remains on the defensive below the weekly top, amid reduced expectations for Federal Reserve rate hikes.
The US military’s strikes against Iran and Tehran’s retaliation have acted as a tailwind for the safe-haven USD, capping EUR/USD gains.