Commerzbank economist Michael Pfister: Even if an agreement to end the US-Iran conflict is beneficial to the Eurozone economy, it does not necessarily indicate that the euro is trending well. If oil prices fall as the conflict cools down, the market may no longer take into account expectations that the ECB will raise interest rates.

Commerzbank economist Michael Pfister: Even if an agreement to end the US-Iran conflict is beneficial to the Eurozone economy, it does not necessarily indicate that the euro is trending well. If oil prices fall as the conflict cools down, the market may no longer take into account expectations that the ECB will raise interest rates.