17 June 2026, 13:45  Euro Zone: EUR Flat as Markets Await US-Iran Deal, Fed Policy Signals.

The euro held steady at $1.16 as investors awaited details of the US-Iran peace agreement and the Federal Reserve’s monetary policy outlook. Global sentiment improved on a sharp drop in oil prices, with markets on edge ahead of Friday’s signing of the US-Iran deal. The agreement follows a preliminary accord to end the conflict and reopen the Strait of Hormuz after nearly four months of war. Money markets have scaled back bets on ECB tightening, now pricing in less than 30 basis points of hikes this year, equivalent to just one increase. ECB policymaker Gediminas

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