Middle East Tensions Boost USD, EUR/USD Holds at 1.1402

As of July 9, EUR/USD edged 0.02% higher to 1.140248 while GBP/USD slipped to 1.3350 amid fresh safe-haven demand for the dollar. The move follows escalating attacks on shipping in the Strait of Hormuz, U.S. retaliatory strikes on Iranian targets, and new sanctions that revived USD buying after the pair’s nine-day rally earlier in the week. Markets now await the Fed’s June meeting minutes and U.S. jobless claims for rate-path clues, with geopolitics likely to keep volatility elevated.