Euro Weakens Below $1.1550 Amid Hormuz Tensions

The Euro dipped below $1.1550 as tensions in the Middle East escalated, boosting safe-haven flows and supporting the US Dollar.

Iran rejected a US claim that the Strait of Hormuz would open under a new deal tomorrow, with an Iranian official stating that ongoing discussions are aimed at establishing an 'intermediate corridor' to replace both current routes.

The US Bureau of Labor Statistics reported 7.359 million US JOLTS Job Openings in June, below the market expectation of 7.4 million.