Dollar Advances as Iran War Rages

EUR/USD (^EURUSD) on Friday fell by -0.12%. The euro fell on Friday due to strength in the dollar. Also, ECB Feb inflation expectations unexpectedly eased, a dovish factor for ECB policy that is negative for the euro. In addition, Friday's +5% rally in crude oil prices is negative for the euro and the Eurozone economy, as Europe imports most of its energy. Finally, the odds of an ECB rate hike next month slipped, weighing on the euro, after ECB Executive Board member Isabel Schnabel said the ECB shouldn't r ...