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fxJun 9, 2026, 12:23 AM

Euro weakens below 1.1550 on Middle East uncertainty ahead of ECB rate decision

EUR/USD fell to around 1.1530 in early Asian trading Tuesday, pressured by Middle East uncertainty as markets await the ECB rate decision and US CPI data.

EURUSD

The EUR/USD pair slipped to around 1.1530 during early Asian trading on Tuesday, extending losses below the 1.1550 level. The decline is attributed to heightened uncertainty stemming from geopolitical tensions in the Middle East.

Traders are now focusing on the European Central Bank's upcoming rate decision, which could provide further direction for the euro. Additionally, the US May Consumer Price Index (CPI) data set for release on Wednesday is expected to influence market sentiment and the Fed's policy outlook.

Source: FXStreet Forex News