empty
 
 

2026.04.2108:43:49UTC+00Euro Slips Below $1.18 Amid Middle East Tensions

The euro traded just below $1.18 on Tuesday, retreating from last week’s three-week high, as investors shifted their attention to escalating tensions in the Middle East and the European Central Bank’s cautious stance. US President Donald Trump confirmed that the two-week ceasefire between Washington and Tehran will expire on Wednesday evening, while US Vice President JD Vance and an Iranian delegation are due to arrive in Pakistan later today for peace talks.

In the run-up to the ECB’s monetary policy decision—where no changes to interest rates are expected—President Christine Lagarde cautioned that the Eurozone’s economic outlook “remains deeply uncertain.” She noted that the conflict in the Middle East, including the blockade of the Strait of Hormuz, has undermined Europe’s energy security, describing the resulting supply shock as “enormous.” Although energy prices have not yet triggered the ECB’s worst-case scenario, Lagarde emphasized that the outlook remains fragile.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback