Euro falls to the lowest since July
From the original
The optimism about a break through in Iran is fading after Trump's UN speech. A report earlier from Kyodo suggested Iran was willing to open the Strait of Hormuz in exchange for the US lifting its blockade but there were denials of the report via FARS and Trump didn't mention any
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4 itemsEUR/USD forecast: Iran optimism fades as key US data awaited - FOREX.com
Dollar drifts lower as oil prices and bond yields slide on US-Iran hope
Futures aren't open yet, but early FX is pointing to risk off gap
The desk anticipates a risk-off sentiment in the FX market, driven by recent geopolitical tensions surrounding Iran's claims over the Strait of Hormuz. Per the full note from Eamonn Sheridan at investinglive.com, currencies such as the EUR, AUD, and NZD are showing weakness, while the JPY remains relatively stable. This divergence suggests a flight to safety, which is often seen in times of uncertainty. With the consensus target for EUR/USD at 1.075, traders should be vigilant as market dynamics evolve.