The euro fell to a seven-month low against the US dollar due to concerns over the Iran conflict.

Due to concerns about the impact of rising energy prices and the economic effects of a potential war in Iran, the euro fell to a seven-month low against the US dollar. As a region that imports energy, the eurozone's trade conditions may be damaged by higher energy prices, while the United States, as a net oil exporter, benefits from its safe haven status. The combination of potential high inflation and weak growth makes the situation difficult for the European Central Bank. Data from the London Stock Exchange Group shows that the market expects an interest rate hike before the end of the year, while previously the market expected the European Central Bank to maintain its interest rates. However, the market focus is on the impact of rising energy prices on growth. The euro fell to a low of 1.1465 against the US dollar.