EUR/USD extended its decline for the second straight session, trading around 1.1540 during Asian hours on Monday (6/16). The currency pair depreciated as the US Dollar (USD) strengthened amid increased demand for safe havens as geopolitical tensions escalate in the Middle East.
Israel launched an attack on Iran's nuclear facilities and missile plants on Friday. Iran responded with an attack on Israel on Sunday night, with explosions seen in the coastal city of Haifa. Israel continues to attack military targets in Iran, despite international calls for diplomacy and de-escalation, according to CNN.
Additionally, Iranian media outlet Mehr News reported that Iran had launched a fourth phase of operations against Israel on Sunday. Iranian officials underlined that they would "respond firmly to any reckless action" by Israel.
On Friday, the University of Michigan (UoM) showed that its Consumer Sentiment Index rose to 60.5 in June from 52.2 previously. This reading was above the market consensus of 53.5. The US Federal Reserve (Fed) is widely expected to keep its policy interest rate unchanged in the range of 4.25%–4.50% in its upcoming decision on Wednesday. However, traders are now pricing in a 25 basis point rate cut in September.
However, the EUR/USD pair's decline was contained as the Euro (EUR) received support from improved sentiment around the European Central Bank (ECB) pausing its easing cycle to assess the impact of new US tariffs. (alg)
Source: FXstreet
The EUR/USD turned flat late on Thursday, spurred by rumors that the White House is considering Federal Reserve Governor Christopher Waller as the top candidate to be the next Fed Chair, succeeding Je...
The EUR/USD rallied more than 0.50% on Wednesday, boosted by broad US Dollar weakness across the board as traders began to price in rate cuts by the Federal Reserve. In addition, fears of the Fed's in...
The EUR/USD pair is consolidating gains near weekly highs as the US Dollar languishes, following an unexpectedly weak services sector report that cast further doubts on the momentum of the United Stat...
The EUR/USD holds firm during the North American session on Tuesday, with traders still digesting the latest employment figures in the United States (US) and the release of further US data. Across the...
The EUR/USD stagnates during Monday's session, virtually unchanged, after Friday's rally of over 1.52% following a worse-than-expected Nonfarm Payrolls report, which triggered a ramp-up of expectation...
The dollar was steady on Friday but poised for a weekly fall as U.S. President Donald Trump's temporary choice for a fill-in Federal Reserve governor stoked expectations for a dovish pick to replace chair Jerome Powell when his term ends. As...
Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD)...
Gold price (XAU/USD) trims a part of modest intraday losses, though remains depressed below the $3,400 mark and over a two-week high touched earlier this Friday. Against the backdrop of the upbeat market mood, a modest US Dollar (USD) uptick...
European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut...
The ISM Services PMI unexpectedly fell to 50.1 in July 2025 from 50.8 in June, below forecasts of 51.5. The reading showed the services sector...
Donald Trump said he would impose a 100% tariff on semiconductor imports, though it would exempt companies that move production back to the United...
European shares closed flat on Wednesday, surrendering early session gains, as healthcare stocks felt the pinch from U.S. President Donald Trump's...