EUR/USD Closes Near 1.13823 as Risk Aversion Keeps Pair Under Pressure

1 articles · Updated · DailyForex.com · Jun 28

EUR/USD ended Friday near 1.13823, staying pinned near recent lows after dipping to around 1.13245 on Wednesday.
USD buying broadened across forex markets as nervous equity sentiment and firmer U.S. bond yields supported safe-haven demand more than any clear shift in Fed policy.
The pair has fallen sharply since the June 17 FOMC decision, sliding from around 1.16000 even though the Fed held rates steady and the ECB had already raised rates.
Early-week trading now hinges on risk appetite: 1.14000 remains a key test for any rebound, while the report sees a near-term speculative range of 1.13170 to 1.15100.
U.S. stocks are the main barometer for direction, with renewed market stress—or any fresh U.S.-Iran escalation—likely to keep EUR/USD underweight.