Netherlands international: If there is no substantial progress in the Iran peace agreement, the Euro's gains may be limited.

Francesco Pesole of the Netherlands International Group stated that the Euro rose against the US Dollar after President Trump announced an extension of the ceasefire agreement in Iran, but the increase in value may be limited if there is no substantial progress in reaching a peace agreement. In a report, he said, "Whether in military matters or in the issue of the Strait of Hormuz, substantial progress in reaching an agreement is needed to maintain the Euro above $1.180." The Euro is currently trading at $1.1750, up 0.1% from the previous trading day. He stated that the market seems to be inclined to maintain a slightly optimistic position, keeping the Euro within the range of $1.1720 to $1.1770. Unless diplomatic efforts completely fail, investors may continue to buy the Euro on dips towards $1.1670 to $1.1700. This could result in the Euro falling below $1.1600.