EUR/USD Drops to 1.168, Dollar Strengthens in Risk-Off Mode
EUR/USD traded around 1.168 on Monday morning, April 13, 2026, with the euro weakening slightly against the US dollar. Trading Economics data put the pair in the 1.1686–1.1689 range, down around 0.3% from the previous session.
Pressure came from the broad dollar's strength in the Asian session, as markets entered a risk-off mode. Reuters reported that the greenback was sought after as a safe-haven asset after US-Iran talks failed to yield progress and the United States announced a blockade of Iranian ports, pushing the euro down by around 0.3%.
For the euro, sentiment is more sensitive because the euro area is a major energy importer. The surge in oil prices has raised concerns about energy costs, inflationary pressures, and growth prospects, thus tending to put additional pressure on the currencies of energy-importing economies.
Despite the pressure this morning, the 1.16–1.17 range indicates that EUR/USD has not experienced a sharp change in its trend structure. Trading Economics notes that the pair is still up around 1.6% in the past month and nearly 3% in the past year, so the latest weakness appears more like short-term pressure.
Going forward, the direction of EUR/USD will be determined by two competing factors: the dollar's strength stemming from safe-haven demand amid heightened geopolitical tensions, and the euro's resilience as long as prices don't trigger major changes in monetary policy expectations and the growth outlook. The market will be monitoring developments in the Middle East, oil movements, and the response to US yields as key drivers of volatility. (asd)
Source: Newsmaker.id
