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EURUSD Rallies on Dollar Weakness Amid Geopolitical Calm and Oil Price Surge

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The euro rose against the dollar amid broad dollar weakness as geopolitical tensions eased and safe-haven flows boosted risk appetite.
  • The yen spiked on intervention speculation, while oil prices climbed following U.S.
  • pressure on Iran, signaling cautious market sentiment ahead of key Fed and earnings events.
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