Euro slips as U.S.-Iran tensions and eurozone risks support dollar

The euro weakened against the U.S. dollar in reports covering Monday and Tuesday, with EUR/USD falling below 1.1600 at 1.1585 in early European trading on Monday and trading below 1.1700 near 1.1695 on Tuesday. The reports identified different but overlapping drivers: rising U.S.-Iran tensions and safe-haven demand for the dollar, as well as mixed eurozone data, energy costs, recession risks and uncertainty over Federal Reserve and European Central Bank policy. The records use different reference levels, prices and daily changes, so they should not be treated as a single intraday quote. A sustained break below the cited thresholds could expose EUR/USD to support near 1.1650 and potentially 1.1500, while de-escalation or clearer signals of a Federal Reserve pause could support a recovery toward 1.1750.

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