Dollar set for second weekly loss on Iran war peace hopes

The US dollar was headed for a second consecutive weekly decline on Friday in tentative trade, as ​a ceasefire between Israel and Lebanon and prospects for fresh Iran talks prompted investors to unwind safe-haven positions. A 10-day ceasefire between ‌Lebanon and Israel went into effect on Thursday and President Donald Trump said the next meeting between the US and Iran could take place over the weekend. Meanwhile, US and Iranian negotiators have scaled back ambitions for a comprehensive peace deal and are now seeking a temporary memorandum to prevent a return to conflict, with the nuclear ​issue remaining a core obstacle. Currencies were mostly rangebound in Asia trade as investors awaited further details, leaving the euro steady against ​the dollar at $1.1783. The common currency was on track for a third straight weekly gain, while sterling traded ⁠at $1.3526.