Forex
Euro Slips Below 1.1550 Amid Middle East Tensions and Weaker US Data
The Euro has edged lower against the US Dollar, trading below 1.1550 in Wednesday's Asian session.
This comes as tensions in the Middle East continue to escalate, with Iran rejecting claims by the US that the Strait of Hormuz will be open for trade tomorrow.
The US Bureau of Labor Statistics reported a decline in JOLTS Job Openings to 7.35 million in June, weaker than expected.
Market analysts are closely monitoring the upcoming US July jobs release on Friday, which could provide clues about the labor market and interest rate path.