Axios journalist Barak Ravid reported on Thursday that the United States and Iran have reportedly reached a preliminary agreement: a 60-day memorandum of understanding. This deal aims to extend a ceasefire and initiate negotiations concerning Iran’s nuclear program. However, President Donald Trump’s final approval is still pending, according to insights from two US officials and a regional source involved in the mediation efforts.
The news had an immediate impact on financial markets. The US Dollar (USD) extended its downward trend following this encouraging development, while stock markets, which had started the day with losses, managed to recover and turn positive.
A closer look at the US Dollar’s performance today reveals its percentage change against major currencies. The US Dollar showed the most significant weakness against the New Zealand Dollar, among others.
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