Euro trims gains as geopolitical risks and Fed outlook support US Dollar

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EUR/USD reversed its early gains on Monday and moved toward filling the bullish gap at the weekly open. The pair initially rose after a temporary pause in attacks between the United States and Iran improved risk sentiment, sent Oil prices sharply lower and weighed on the US Dollar.

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💱Euro/US Dollar FX Spot Rate
EURUSD
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Temporary pause in US-Iran attacks improved risk sentiment, initially boosting EUR/USD, but later reversed as geopolitical risks and Fed outlook supported USD.

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