European Markets Close Weak on Iran Deal Uncertainty Rate Fears

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Published: 2 hours ago

European markets closed lower Thursday amid uncertainty over U.S.-Iran peace deal status, rising oil prices fueling inflation concerns, and fears of central bank monetary tightening. The bearish sentiment reflects broader risk-off mood. EUR crosses likely under pressure as European risk sentiment deteriorates. Oil price volatility from Iran deal uncertainty could impact energy-sensitive currencies, while rate hike fears may strengthen USD if Fed remains more hawkish than ECB.

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