Dollar Retreats Amid Optimism Over Iran Talks
The U.S. dollar fell from a six-week high as optimism over potential progress in U.S.-Iran negotiations reduced inflation expectations and pressured the currency. Crude oil prices dropped more than 5%, lowering demand for liquidity tied to the dollar, while stock markets rallied further weakened its position.
Topics: DXY00 EUR/USD FOMC Iran tensions oil prices USD