Euro weakens to 1.1635 against the US dollar
The Euro has weakened against the US Dollar due to uncertainty surrounding the US-Iran peace agreement.
The European Central Bank’s stance on interest rates may help limit the Euro’s losses.
The US military has conducted self-defense strikes in southern Iran, boosting the safe-haven US dollar.
The ECB is considering an interest rate hike next month due to inflation pressures from the Iran conflict.