EUR/USD slipped below the key 1.1500 level on Monday, retreating from recent highs as geopolitical risks drove demand for the US Dollar.
At the time of writing, EUR/USD is trading near 1.1481, with intraday losses nearing 0.70%
The move followed comments from US President Donald Trump, who called for Iran's "unconditional surrender" on Tuesday and warned Tehran to dismantle its nuclear program or face escalating consequences.
He praised Israeli airstrikes as "excellent" and "very successful," warning that future operations could be "even more brutal," and urged Tehran to "make a deal now" or face total defeat.
Speaking earlier aboard Air Force One after departing the G7 summit, Trump made clear he was not seeking a ceasefire but a "real end" to Iran's nuclear ambitions, saying, "They should have done the deal… I'm not too much in the mood to negotiate."
Earlier in the day, he called on civilians to "immediately evacuate Tehran," claiming that US and Israeli forces now had "complete and total control of the skies over Iran." In a pre-dawn statement, Trump revealed that the US knows where Iran's Supreme Leader is hiding but was "not going to take him out—at least not for now."
The day had started with a softer tone, as Trump expressed hope that "Israel and Iran can strike a deal," though he added that "sometimes countries have to fight it out first."
He also urged civilians to evacuate Tehran, signaling the potential for increased military action. These remarks rattled markets and spurred risk-off flows, prompting traders to favor the Dollar and weigh on the Euro despite otherwise supportive data from the Eurozone.
Source: Fxstreet
The EUR/USD pair fluctuates near a one-month low and is on track for its first monthly decline since December of last year. The euro remains weak, weighed down by negative reactions to the trade deal ...
EUR/USD moves little after registering more than 1% losses in the previous session, trading around 1.1590 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) rose on tr...
The EUR/USD dropped more than 1% on Monday as investors bought the Dollar on news that the United States (US) and the European Union (EU) had reached a trade agreement, similar to the one inked by Jap...
The euro climbed above $1.175 on Monday, snapping a two-day losing streak after the US and EU reached a trade agreement over the weekend. The deal includes a 15% tariff on most European goods, signifi...
The EUR/USD pair remains practically flat on Friday, relatively close to three-week highs hit on the previous day. The US Dollar is a tad firmer, supported by positive US macroeconomic data which prov...
Economy is in a solid position.Inflation is somewhat above target.Believe the current stance of policy leaves us well positioned to respond in a timely way.Moderation in growth reflects a slowdown in consumer spending.Activity in the housing sector...
The Federal Reserve left the federal funds rate steady at the 4.25%–4.50% target range for a fifth consecutive meeting in July 2025, in line with expectations. Policymakers noted that although swings in net exports continue to affect the data,...
The pan-European Stoxx 600 index provisionally closed just below the flatline on Wednesday, with sectors diverging as second quarter earnings season ramped up. The U.K.'s FTSE 100 finished flat, while France's CAC 40 nudged 0.06% higher, and...
European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 was up 0.33%, Germany's DAX climbed 1.03%, the FTSE 100 gained...
Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade...
The European Union and the U.S. will form a "metals alliance" to counter the impact of subsidised Chinese production on global markets, as part of...
The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of...