g10 fx
Trump rejects Iranian offer to open the strait of Hormuz - fxstreet.com
From the original
Trump rejects Iranian offer to open the strait of Hormuz fxstreet.com
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Adam Button
Euro falls to the lowest since July
Eamonn Sheridan
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.