💱Euro/US Dollar FX Spot Rate
EURUSD
▼ NegativeGeopoliticsrelevance
Escalating US-Iran tensions and Strait of Hormuz closure dampen risk appetite, boosting USD safe-haven demand and weakening EUR.
Impact on assets 1
Others
The Euro depreciated moderately against the US Dollar on Monday, with EUR/USD trading near 1.1400 as escalating tensions between the US and Iran and the closure of the Strait of Hormuz dampened risk appetite and boosted inflationary pressures at the week's opening.
Escalating US-Iran tensions and Strait of Hormuz closure dampen risk appetite, boosting USD safe-haven demand and weakening EUR.