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Dollar slips, EUR/USD steadies amid US-Iran deal headlines
EUR/USD briefly traded as high as 1.1450, before settling near 1.1425, while GBP/USD moved up to 1.3430 before easing to 1.3385.
Market participants took a cautious stance in the European session as they digested fresh US-Iran developments, including US President Trump saying Iran called him earlier to discuss a deal, according to Forexlive.
The US dollar weakened early on, with EUR/USD rising to a high of 1.1450 before moving back to around 1.1425, up about 0.1% on the day. GBP/USD also gained during the session, topping 1.3430 before retracing to about 1.3385.
Other rate and risk benchmarks were choppy alongside FX moves. WTI crude moved in a volatile range, falling to roughly $72.40 before rebounding to around $74.01, and 10-year Treasury yields were up about 2 basis points to 4.587% after dropping earlier.
Precious metals were higher as the session progressed, with gold up about 0.7% to $4,105 and silver up about 1.1% to $58.98, while futures-linked equity sentiment stayed muted with S&P 500 futures up 0.2% and Nasdaq futures up 0.7%.
Latest closeGold $4,134.80 ▲2.4%|Silver $58.41 ▲1.9%|WTI crude $84.41 ▲6.5%