Dollar perched near six-week high on uncertainty over US-Iran deal
The dollar held near a six-week top on Friday, after a volatile overnight session on conflicting signals over a US-Iran peace deal, though investors latched on to hopes of some progress. Washington and Tehran stuck to opposing stances over the latter’s uranium stockpile and control of the Strait of Hormuz, although US Secretary of State Marco Rubio said there had been “some good signs” in talks. The mixed messages whipsawed markets overnight, though moves in currencies were largely subdued in early Asian trade on Friday as investors awaited more clarity. The dollar was a touch higher and stood at 99.24 against a basket of currencies , not far from its peak of 99.515 hit in the previous session, its highest since April 7. The euro dipped 0.03% to $1.1613, while the pound was flat at $1.3431. Sterling was set to gain 0.8% for the week, having fallen more than 2% last week due to political turmoil in Britain.