The EUR/USD currency pair remained steady around the 1.1385 level during early European trading hours on Monday, as investors weighed ongoing developments in the US-Iran war negotiations, according to FX Street.
Market participants continue to evaluate the potential outcomes of talks aimed at ending hostilities between the US and Iran, which is keeping the currency pair relatively stable for now, FX Street reported.
For Japanese investors, the pair's stability comes at a time when FX markets are closely monitored for geopolitical risk factors that could impact yen crosses and broader market sentiment.