Euro steadies above 1.1400 as traders assess US-Iran tensions
The post Euro steadies above 1.1400 as traders assess US-Iran tensions appeared on BitcoinEthereumNews.com. EUR/USD treads water above the 1.1400 mark on Wednesday, steadying after coming under selling pressure as traders assess renewed US-Iran tensions after both sides exchanged fire overnight following attacks on commercial ships near the Strait of Hormuz earlier this week. US President Donald Trump said the interim deal with Iran was “over,” although Reuters later reported that he did not repeat those comments during the closed NATO leaders’ meeting, citing a source familiar with the talks. Even so, risk sentiment remained fragile after Trump said the United States would “probably hit them again tonight” and added, “I don’t know if we’ll have an Iran deal.” The latest escalation has pushed Crude Oil prices higher, reviving energy-driven inflation concerns and reinforcing expectations that major central banks may need to tighten monetary policy further. According to the CME FedWatch