EUR/USD rises 0.2% to 1.1760 as markets await progress on US-Iran talks, with equities and bonds signaling mixed sentiment.
The dollar eased slightly against major currencies as risk sentiment stabilized, with markets awaiting updates on US-Iran negotiations. EUR/USD climbed 0.2% to 1.1760, while GBP/USD and AUD/USD gained 0.4% and 0.3%, respectively, to 1.3600 and 0.7230 levels.
WTI crude oil slipped 0.2% to $94.50, reflecting cautious optimism over potential easing of tensions in the Strait of Hormuz. S&P 500 futures rose 0.4%, led by a 0.6% gain in Nasdaq futures, as tech stocks extended their rally.
Bond markets, however, signaled persistent inflation concerns, tempering dollar selling despite the geopolitical optimism. Traders remain wary of broader economic risks, keeping currency moves subdued.