EUR/USD Falls for Third Week Amid Ongoing Macro Uncertainty

The EUR/USD pair experienced a mild rebound on Friday, but it wasn't enough to prevent its third consecutive weekly decline. The US dollar and bond yields rallied across the board, putting pressure on the euro.

The recovery was attributed to positive but unconfirmed reports of US-Iran talks resuming, causing oil prices to fall. Brent crude dropped below $100 per barrel, which eased some pressure on currencies reliant on oil imports like the Japanese yen and British pound.

Investors booked profits on short EUR/USD positions ahead of the weekend, contributing to the small rebound. The focus now shifts to macroeconomic data, with employment indicators from the US and German CPI set to influence the near-term outlook.