Dollar falls after Trump halts US strikes on Iran
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
NEW YORK, June 11 : The dollar dropped sharply against major peers on Thursday after President Donald Trump called off plans for renewed U.S. military strikes on Iran at the last minute, saying negotiations with Tehran were heading towards a possible deal.
The dollar tends to strengthen during periods of heightened geopolitical uncertainty, as investors seek safe-haven U.S. assets, while it typically weakens when expectations of peace rise.
Trump said negotiations with Tehran had advanced to the highest levels of Iran’s leadership and had been approved by a broad coalition of regional powers.
There was no immediate comment from Iran. Trump has repeatedly claimed that a deal with Tehran was imminent, only to have its government deny the suggestions.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
The dollar weakened 0.35 per cent to 0.797 against the Swiss franc, pairing gains in early trade.
The euro was up 0.21 per cent at $1.1559, reversing losses earlier in the session.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.21 per cent.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
