EUR/USD Rises on Risk Sentiment, German Politics Weigh on Euro
The EUR/USD pair is trading in positive territory around 1.1475 during the early European session on Tuesday, driven by improved risk sentiment and hopes for US-Iran talks.
Federal Reserve policymakers are scheduled to speak later on Tuesday, including John Williams, Philip Jefferson, and Thomas Barkin, who may provide further insight into interest rate decisions.
However, political instability in Germany is a concern for the Euro, as Chancellor Friedrich Merz's conservative party suffered its worst regional election defeat in postwar history.