The euro declined on the European market on Monday at the start of the week’s trading against a basket of major currencies, resuming losses that had paused for two days against the U.S. dollar. This drop was driven by investors’ aversion to risk, leading them to favor the U.S. dollar as the best alternative investment.
This comes amid escalating geopolitical tensions in the Middle East, particularly after the United States carried out military strikes on Iran's nuclear sites, with markets awaiting Iran's response to the attacks.
The euro fell against the dollar by 0.6% to $1.1452, down from Friday’s closing price of $1.1521, after hitting a high of $1.1507 earlier in the day’s trading
