Euro declines below 1.1600 on US-Iran war worries

Euro declines below 1.1600 on US-Iran war worries

Source: EODHD - https://www.fxstreet.com/news/euro-declines-below-11600-on-us-iran-war-worries-202608180520
Published: Aug 18, 2026 1:20 AM

The EUR/USD pair loses traction to around 1.1575, snapping the three-day winning streak during the early European session on Tuesday. The Euro (EUR) edges lower against the US Dollar (USD) as traders remain cautious about the US-Iran conflict and the closure of the Strait of Hormuz.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.