Dollar Flattens on Conflicting Iran Nuclear Deal Reports
The dollar index held steady at 99.13 as traders weighed conflicting reports regarding a potential nuclear deal between Washington and Tehran. While safe-haven demand remains supported by global growth concerns and weak manufacturing data in Europe and Japan, unconfirmed reports of a draft agreement to end regional conflict offset earlier greenback gains.
The dollar index remained unchanged at 99.13 on Thursday after conflicting reports regarding a Middle East peace deal triggered intraday volatility. The greenback hit a six-week high during the morning before surrendering gains following unconfirmed reports of a draft agreement. Persistent energy disruptions and resilient United States labor data keep the Federal Reserve focused on potential rate hikes.
