Euro Holds Steady at 1.1500 Amid Ongoing Middle East Tensions
The Euro has stabilized around the 1.1500 level against the US Dollar on Tuesday, following Monday's reversal from three-week highs at 1.1560.
A mild risk appetite and cautiousness ahead of key US labour indicators are supporting the pair, despite ongoing tensions in the Middle East.
US President Donald Trump has urged Iran to sign a peace deal with the US and reopen the Strait of Hormuz, while Iranian authorities have denied any contacts with the US and reiterated their threat to the US Navy if the blockade of Iranian ports continues.
The US JOLTS Job Openings and Factory Orders figures will be released on Tuesday, providing some distraction from the geopolitical scenario. The Nonfarm Payrolls report due on Friday is expected to provide further clues about the Federal Reserve's near-term monetary policy.