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EURO melts near 1.1500 mark, tests lowest level in four and half months
13-Mar-2026   15:33 Hrs IST
Euro melted today as the US dollar index is holding firm amid Middle East conflicts. Brent Crude oil is seen rising around $100 per barrel due to the effective closure of the Strait of Hormuz amid conflict involving the United States (US), Israel, and Iran. Global stocks have retreated and investor attention is focused on the Iran war and its impact on the supply of crude oil and gas. The EUR/USD pair is currently trading down 0.51% at 1.1505, testing around four and half month low. It has shed around 1% this week after a near 2% tumble in last week. On NSE, EUR/INR futures are down 0.70% at 106.13.

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