EURUSD Tumbles on Extended US Iran Deadline and Rising ECB Rate Hike Bets
EURUSD slipped to 1.152 amid US-Iran diplomatic delays and rising ECB rate hike expectations fueled by Spain's inflation surge.
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EURUSD slipped to 1.152 amid US-Iran diplomatic delays and rising ECB rate hike expectations fueled by Spain's inflation surge.
Rising energy prices amid Middle East conflict deepen bearish sentiment on the euro, pushing EURUSD down, while GBPUSD faces pressure due to UK inflation concerns. Dollar strength remains supported b…
The euro rose above $1.165, boosted by stronger-than-expected Eurozone PMI and diverging ECB and Fed monetary policies, with the ECB likely holding rates steady while the Fed plans cuts.