Dollar steadies as yen hits 1986 low

The US dollar stabilized after the first round of talks between the United States and Iran, as markets monitored the geopolitical developments in the Middle East and their impact on oil prices and global currencies. The parties agreed on a mechanism to cease hostilities in Lebanon and to open a safe passage for ships through the Strait of Hormuz, leading to a decline in oil prices by more than 1%, to approximately $79.36 per barrel, with currencies remaining stable after fluctuations linked to geopolitical tensions.

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