Digital Coin News

EUR/USD Loses Ground Amid Escalating Geopolitical Tensions in the Middle East

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 72%

Finance News

EUR/USD,Geopolitical Tensions,Middle East

EUR/USD loses ground possibly due to the escalated geopolitical tensions in the Middle East. US Initial Jobless Claims increased to 221K against the expected 214K. Eurozone Retail Sales (YoY) is expected to decrease by 1.3% in February, compared to 1.0% prior. EUR/USD persists in its downward movement that commenced on Thursday, edging closer to 1.0830 during Friday's Asian trading hours. The US Dollar (USD) remains bolstered by market caution, likely influenced by escalating geopolitical tensions in the Middle East. This increase in tension comes in the wake of Iran's pledge to retaliate against Israel's assault on Iran's embassy in Syria, resulting in the fatalities of Iranian military personnel. Furthermore, reports highlighting heightened threats against Israeli embassies in the United States (US) by Iran have intensified market apprehensions

EUR/USD loses ground possibly due to the escalated geopolitical tensions in the Middle East. US Initial Jobless Claims increased to 221K against the expected 214K. Eurozone Retail Sales (YoY) is expected to decrease by 1.3% in February, compared to 1.0% prior. EUR/USD persists in its downward movement that commenced on Thursday, edging closer to 1.0830 during Friday's Asian trading hours.

The US Dollar (USD) remains bolstered by market caution, likely influenced by escalating geopolitical tensions in the Middle East. This increase in tension comes in the wake of Iran's pledge to retaliate against Israel's assault on Iran's embassy in Syria, resulting in the fatalities of Iranian military personnel. Furthermore, reports highlighting heightened threats against Israeli embassies in the United States (US) by Iran have intensified market apprehension

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Mar 06, 2024 03:00 GMT when EUR/USD traded near 1.09.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
Source: DailyFX - 🏆 305. / 63 Read more »

EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Mar 21, 2024 when EUR/USD traded near 1.09.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
Source: DailyFX - 🏆 305. / 63 Read more »