Euro Zone: EUR Little-Changed as Geopolitics and ECB Hike Bets Weigh.

The euro traded near $1.17, as investors weighed Middle East tensions, new US tariffs, and rising expectations of an ECB rate hike as soon as June. Oil prices stayed close to four-year highs due to the US-Iran standoff over the Strait of Hormuz. Meanwhile, Trump ordered the withdrawal of 5,000 US troops from Germany, hinting at further cuts, and raised tariffs on EU cars and trucks to 25%, accusing the EU of failing to uphold its trade deal with Washington. Markets now price in over three ECB hikes this year. Though the ECB held rates steady last week, it signaled potential adjustments, citing inflation risks and growth concerns. Officials Joachim Nagel, Madis M