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06/14 13:08

EUR/USD retreats as Israel-Iran conflict roils mar

EUR/USD retreats as Israel-Iran conflict roils markets, ends 4-day gain

The euro takes a hit despite steady EU inflation data as geopolitical tensions boost the US dollar.

Israeli strike on Iran sparks safe-haven inflows into the dollar; EUR/USD falls from 1.16 to 1.1488 intraday.

Tehran calls off nuclear talks; risk sentiment worsens, overshadowing soft US inflation.

Eurozone industrial production contracts sharply; German CPI holds steady at 2.1%, but inflation in France and Spain falls below ECB target.

EUR/USD ends four-day winning streak, ends losses on Friday as risk appetite weakens after Israel launches attack on Iran, boosting the US dollar’s ​​(USD) safe-haven appeal.  At the time of writing, the pair is trading around 1.1530, down 0.36%.

Sentiment took a turn for the worse after breaking news reported an Israeli attack that targeted Iranian militias, installations and nuclear facilities. As a result, Iran retaliated by sending more than a hundred drones and canceling the sixth round of nuclear talks, Tehran Times reported.1749906366588.png

# Israel’s attack on Iran.#Post To Earn Bonus#Share Your Thoughts on Popular Assets in June
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