Euro Falls Only Modestly After Collapsed U.S.-Iran Talks -- Market Talk

Dow Jones04-13 15:59

0759 GMT - The euro's subdued falls in response to collapsed U.S.-Iran peace talks partly reflects some relief over no immediate renewed assault on energy infrastructure in the region, ING's Chris Turner says. Another factor limiting the euro's falls is the prospect of closer Hungary-EU ties after Hungary's opposition Tisza party won Sunday's election in a landslide victory, he says. "The convincing pro-EU turn among the Hungarian electorate will be very welcome news for Brussels and may prompt a pause for thought among populist Euro-skeptic political parties across Europe." Barring another significant increase in energy prices, $1.17 looks like a comfortable euro level in the near term, he says. The euro falls 0.2% to $1.1696. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

April 13, 2026 03:59 ET (07:59 GMT)

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