Euro at Risk of Renewed Falls in Absence of Clear De-escalation in Iran War -- Market Talk

0815 GMT - The euro remains vulnerable to renewed falls even as oil prices ease after the U.S. and Iran halted attacks, ING's Francesco Pesole says in a note. The euro's rise above $1.14 looks "somewhat optimistic" given the absence of a clear de-escalation path, he says. "Any renewed military strikes could quickly send Brent crude back to $100 per barrel and the euro below $1.1380." Potential dollar buying ahead of the Federal Reserve's decision Wednesday could also weigh on the euro versus the dollar, he says. Elevated gas prices are another reason to remain cautious on the euro unless tensions ease quickly, he says. The euro rises 0.3% to $1.1402.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 27, 2026 04:15 ET (08:15 GMT)