The EUR/USD pair is trading practically flat, halfway through the 1.1500 range on Tuesday. Waning hopes of a truce in the Middle East have dampened risk appetite, but market volatility remains contained so far as investors await a slew of monetary policy decisions, including the Federal Reserve's (Fed) later this week.
Israel and Iran have continued exchanging fire for the fifth day, and US President Donald Trump has urged citizens to evacuate Tehran, before leaving the G7 summit one day earlier to meet with the National Security Council. Concerns that the US might get involved in the conflict have boosted risk aversion.
Nevertheless, market moves remain limited so far, with investors looking from the sidelines ahead of US Retail Sales data, due later on Tuesday, and the outcome of the Fed's monetary policy meeting, on Wednesday.
The US central bank is widely expected to leave rates unchanged, but investors will be particularly attentive to the summary of economic projections and potential variations in the dot plot to asses the path of interest rates in the near term.
Source : Fxstreet
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