Dutch International: Financial incentives to Iran in the peace agreement have reduced the risk of the Euro depreciating.

Francesco Pesole of the Dutch International Group stated in a report that the details of the temporary peace agreement between the US and Iran are a positive development for the Euro to US Dollar exchange rate. According to the Wall Street Journal, the agreement includes financial incentives for Iran to ease the conflict, with the US allowing Iran to immediately start selling oil and fuel after signing the agreement this week. He noted that these incentives make it seem more sustainable for oil prices to drop, reducing the "downside risk" for the Euro to US Dollar exchange rate. However, he also stated that the direction of the exchange rate still depends on any clues about the Federal Reserve's interest rate path when they announce their decision at 1800 Greenwich Mean Time. The Euro is trading steadily at 1.1602 US Dollars.