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EUR/USD: Iran, Israel, Donald Trump—geopolitical triangle pushes pair toward 1.14
After an exchange of missile strikes
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After an exchange of missile strikes between Iran and Israel, the region once again stood on the brink of full-scale war. Risk-off sentiment rose across markets, strengthening the safe-haven dollar. Yet, despite the severity of the situation, sellers of EUR/USD were unable to translate that moment into a sustained move. In my view this price behavior reflects the position of the United States, which did not support this latest phase of the conflict and called on the parties to de-escalate immediately.
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Irina Manzenko,
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