Euro approaches one-month low as escalating tensions between the US and Iran lead to increased bearish bets.

The euro exchange rate lingered near a one-month low as the United States deployed military forces for a possible strike against Iran, weakening market risk appetite and boosting the dollar. The euro has fallen by about 0.8% this week, marking its worst performance in three months and is set to decline for the eighth time in nine trading days. In London markets, the euro-to-dollar exchange rate hovers around 1.1765 dollars, with the latest round of decline triggered by oil prices hitting a six-month high and increased pressure from the United States on nuclear negotiations with Iran.