The US dollar remained below its six-week high on Thursday, after retreating amid mounting hopes that Washington is nearing a deal with Iran to end the war.
اضافة اعلان
US President Donald Trump stated that negotiations have entered their final stages, while simultaneously warning of further attacks if Iran does not agree to a deal.
The dollar, a traditional safe-haven asset, fell for the first time in eight sessions against the yen on Wednesday, and eased slightly to 158.905 yen in early Thursday trading. This pull-back steered the Japanese currency away from the 160 level, which traders and analysts view as a potential trigger for intervention by Japanese officials in the foreign exchange market.
The euro stabilized at $1.1626 on Thursday, after falling to its lowest level since April 7th at $1.1583 per dollar in the previous session before bouncing back.
The dollar index, which measures the performance of the greenback against the euro, the yen, and four other major currencies, held steady at 99.128 points, after touching 99.472 on Wednesday—its strongest level since April 7th.
"Safe-haven flows eased on the positive news surrounding the war with Iran," Joseph Capurso, head of international economics at Commonwealth Bank of Australia, wrote in a note to clients.
He added, "The US has domestic political incentives to seek peace, but we would not be surprised if President Trump opts for military escalation to strengthen his negotiating hand."
The Australian dollar slipped 0.1% to $0.7147 ahead of the release of domestic employment figures later in the day.
Meanwhile, the British pound was little changed, locking at $1.3430.
In cryptocurrencies, Bitcoin stabilized at around $77,650.
Reuters
