Dollar hangs near six-week lows as investors bet on Iran peace deal
The US dollar held near its lowest level since early March against major currencies on Thursday, as the White House’s optimism over a peace deal with Iran buoyed sentiment and encouraged traders to shed safe-haven positions. President Donald Trump said the US-Israeli war on Iran was “close to over,” while the White House expressed optimism about a deal, saying more in-person talks would likely take place in Pakistan again. A source briefed by Tehran told Reuters Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz if a deal was reached to prevent renewed conflict. The euro stood at $1.1808 and the sterling traded at $1.3569 , both up about 0.1% for the day to hover near their highest level since February.