Trump’s remarks on Iran seeking a deal weigh on the dollar, lifting EUR/USD 0.3% amid ongoing geopolitical uncertainty.
The dollar retreated after US President Trump stated Iran wants to make a deal, easing tensions following recent military exchanges. EUR/USD rose 0.3% to $1.1440, recovering from earlier losses but remaining flat for the week.
Markets had braced for escalation after both sides traded strikes over the weekend, with Trump previously declaring a ceasefire deal “over.” Despite the shift in tone, nuclear negotiations show no progress, with Iran accused of delaying talks beyond a 60-day timeline.
USD/JPY fell 0.2% to 162.25, while GBP/USD climbed 0.3% to 1.3425. Traders remain cautious, focusing on resistance near 1.1460 for EUR/USD in the near term.