US Dollar Steady Amid Middle East Escalation. Forecast as of 10.06.2026

Given the wide gulf between the positions of the United States and Iran, a renewed escalation of hostilities appeared increasingly likely. The downing of a US helicopter became the catalyst for a new round of tensions and retaliatory actions. However, the EUR/USD pair showed only a muted reaction. Why did the pair remain relatively resilient? Let’s examine the key drivers and develop a trading plan.Major Takeaways The EUR/USD fell due to the escalation of the conflict. Oil and the US dolla