The euro strengthened against other major currencies in the European session on Wednesday, as European stock markets traded higher on improved prospects of a U.S.-Iran deal. Hours after the U.S. struck Iranian naval facilities, U.S. Secretary of State Marco Rubio said a potential deal to end the Middle East conflict could "take a few days" amid unresolved issues surrounding Tehran's frozen assets and unrestricted passage through Hormuz.
Iran condemned the self-defense strikes conducted by U.S. forces and said it would leave no act of aggression unanswered.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.