US Dollar Weakens on Hopes for Middle East Peace Deal
The dollar fell Thursday as hopes for a US-Iran peace deal boosted sentiment. The euro and sterling rose while the yen stabilized after suspected intervention.
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Insights:
Xurve View
The United States dollar fell for a second day as progress toward a temporary deal with Iran boosted risk appetite. EUR/USD rose 0.2% to $1.1755 following a 0.47% gain the previous day. Investors are rotating out of safe havens as implied volatility drops below pre-war levels across major currency pairs.
