ING: Financial incentives for Iran in the peace agreement have reduced the risk of a weaker euro.

According to The Wall Street Journal, the agreement includes financial incentives for Iran to ease tensions, with the United States allowing Iran to immediately start selling oil and fuel after signing the deal this week. He stated that these incentives make the drop in oil prices look more sustainable, thereby reducing the "downside risk" of the euro against the US dollar. However, he noted that the direction of the exchange rate still depends on any clues the Federal Reserve gives regarding its interest rate path when it announces its decision at 1800 GMT. The euro traded steadily at $1.1602.