EUR/USD rangebound near 1.1670-1.1580
The euro remains stuck within a narrow range against the US dollar, trading between 1.1670 and 1.1580.
This rangebound trading comes as optimism around a potential 60-day ceasefire extension agreement between the US and Iran has kept the Dollar Index slightly lower, but still within its broad range of 98.90-99.55.
The euro’s limited movement suggests that market participants are awaiting further developments in US-Iran relations before making significant moves.