Euro Dips Toward 1.1500 as US-Iran Conflict Intensifies, Risk Sentiment Sours

The euro weakened toward 1.1500 against the U.S. dollar as intensifying US-Iran tensions triggered a risk-off move in global markets. Investors sought the safety of the greenback, pressuring the euro and other risk-sensitive currencies. The article also notes that the eurozone’s sluggish growth and below-target inflation are making the currency less attractive, while higher oil prices from conflict-related supply fears could further hurt the eurozone economy because it is a net energy importer. Technically, EUR/USD has broken key support levels, and traders are watching whether it can hold near 1.1500 or extend lower if geopolitical risks remain elevated. The outlook hinges on conflict de-escalation and incoming eurozone/U.S. data, with continued volatility likely in the near term.