14 Days
Source:
المشهد
Source: المشهد
14 Daysالمشهد
Source: المشهد
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The US dollar declined against major currencies on Friday, May 29, following reports that the United States and Iran had reached an agreement to extend the ceasefire and lift restrictions on navigation in the Strait of Hormuz. According to sources, the agreement, which still requires approval from U.S. President Donald Trump, extends the ceasefire for 60 days and restores freedom of navigation, while negotiators continue to discuss contentious issues such as Iran's nuclear program. This led to a drop in oil prices and a reduced demand for the dollar, as investors remained cautious amid conflicting signals between Washington and Tehran. The trading session saw minor fluctuations in currencies like the euro and the British pound, while the yen appreciated against the dollar, moving away from potential intervention levels by Japan. Additionally, the US dollar fell after inflation in the United States rose at its fastest pace in three years, strengthening the likelihood that interest rates will remain unchanged until next year.
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