Euro softens below 1.1800 on US-Iran ceasefire risks, traders await US CPI data
The EUR/USD pair loses ground to near 1.1775 during the early Asian session on Tuesday. The Euro (EUR) softens against the US Dollar (USD) as traders turn cautious ahead of the US April inflation report and ongoing geopolitical tensions in the Middle East.
The Euro is likely to continue weakening against the US Dollar as traders react to geopolitical tensions and await the US CPI data. A negative inflation report could further pressure the Euro downwards.
The EUR/USD pair loses ground to near 1.1775 during the early Asian session on Tuesday. The Euro (EUR) softens against the US Dollar (USD) as traders turn cautious ahead of the US April inflation report and ongoing geopolitical tensions in the Middle East.
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