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EUR/USD outlook undermined further by US-Iran escalation

The EUR/USD edged only slightly lower, showing surprising resilience for now while European equity markets took the brunt of the sell-off, as tensions in the Middle East made an unwelcome return with renewed intensity. A sharp rebound in crude oil prices has quickly become the dominant market theme again, overshadowing economic data and forcing investors back into defensive positions.
Date: 08.07.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.142600 +0.14889%
GBPUSD 1.340520 +0.34659%
USDJPY 162.480000 +0.22577%
XAUUSD 4072.900000 -0.80904%
USDCAD 1.416980 -0.21197%
NZDUSD 0.570470 +0.47688%
USDCHF 0.807810 -0.02352%
AUDUSD 0.693560 +0.157%
EURGBP 0.852340 -0.2084%
EURJPY 185.642000 +0.41813%
GBPJPY 217.803000 +0.63625%
AUDJPY 112.691000 +0.46%
CADJPY 114.662000 +0.46085%
CHFJPY 201.131000 +0.25971%
NZDJPY 92.669000 +0.73374%
GBPCHF 1.082840 +0.37263%
EURCHF 0.923000 +0.14648%
USDMXN 17.562200 +0.37436%
USDZAR 16.375400 +0.48045%
USDTRY 46.850500 +0.031386%
USDRUB 76.793400 +0.46232%
USDSEK 9.693050 +0.10141%
USDCNY 6.794000 +0.016191%

Upcoming Important Events

Time Country Event Forecast Previous
08.07.2026
18:00 🇺🇸 FOMC Minutes
09.07.2026
01:30 Inflation Rate YoY (Jun) 1.1 1.2
14:00 🇺🇸 Existing Home Sales (Jun) 4.2 4.17
10.07.2026
12:30 🇨🇦 Unemployment Rate (Jun) 6.6 6.6
14.07.2026
00:30 🇦🇺 Westpac Consumer Confidence Change (Jul) 2.5 -2.9
01:30 🇦🇺 NAB Business Confidence (Jun) -12 -14
03:00 Balance of Trade (Jun) 110 105.43
03:00 Exports YoY (Jun) 19.4
03:00 Imports YoY (Jun) 27.4
12:30 🇺🇸 Core CPI MoM (Jun) 0.2