US Dollar Set for Second Weekly Decline Amid Peace Talks
The US dollar faces a second weekly drop as a Lebanon ceasefire and potential Iran talks reduce safe-haven demand. Major currencies hold near seven-week highs.
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The United States dollar faced its second consecutive weekly decline on Friday as a ceasefire in the Middle East and the potential for diplomatic talks prompted a retreat from safe-haven assets. A 10-day truce between Lebanon and Israel began on Thursday, while prospects for a meeting between U.S. and Iran officials over the weekend further eased market tensions.
