The post EUR/USD bounces up as The US Dollar loses steam with geopolitical fears looming appeared on BitcoinEthereumNews.com.

Fears of US involvement in the Israel-Iran conflict are weighing on sentiment and underpinning the US Dollar. Fed Powell maintained a hawkish stance and provided additional support to the US Dollar. EUR/USD is under growing bearish pressure after breaching support at the 1.1500 level. The EUR/USD pair has bounced up from weekly lows at 1.1445 on Thursday and is posting marginal gains daily, as the pair trades at 1.1485 at the moment of writing. The US Dollar is pulling back from highs, yet with market concerns of an escalation of the Israel-Iran war into a regional conflict weighing on risk appetite, and keeping the Euro’s upside attempts limited. US President Donald Trump stole the Federal Reserve’s (Fed) spotlight on Wednesday, leaving the world guessing whether the US may join Israel in its attack on Iran, and a report from Bloomberg, released somewhat later, suggested that US officials might be preparing to enter the war, probably on the weekend. The Federal Reserve left its benchmark interest rate unchanged at the 4.25%-4.50% range after its monetary policy meeting on Wednesday, and maintained the previous projections of 50 basis points (bps) cuts in the second half of the year. Chairman Jerome Powell, however, curbed investors’ enthusiasm, warning that inflation will increase in the coming months as the impact of tariffs starts to filter in. The US Dollar, which had eased after the decision, regained lost ground following Powell’s hawkish rhetoric. Euro PRICE Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.02% -0.13% 0.35% 0.13% 0.67% 0.83% -0.19% EUR 0.02% -0.10% 0.37% 0.10% 0.63% 0.81% -0.22% GBP 0.13% 0.10% 0.47% 0.20% 0.73% 1.00% 0.07% JPY -0.35% -0.37% -0.47%…

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Filed under: News - @ June 19, 2025 3:26 pm