💱Euro/US Dollar FX Spot Rate
EURUSD
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Hormuz Strait risks provide support to EUR/USD, likely weakening USD on safe-haven flows or oil supply concerns.
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EUR/USD is holding above the mid-1.1300s level during Asian trading on Friday, after touching its lowest since May 2025 the previous day. The pair struggled to build on Thursday's modest recovery and traded in a narrow range. Analysts caution that the bearish outlook remains intact despite the stabilization, with Hormuz Strait risks providing some support.
Hormuz Strait risks provide support to EUR/USD, likely weakening USD on safe-haven flows or oil supply concerns.