|

US-Iran indirect talks to resume in US as mediators revisit seven-day proposal - Reuters

  • Mediators are expected to hold separate talks with the United States and Iran on Monday or Tuesday.
  • Iran’s Foreign Minister and Qatari mediators remain in the United States.
  • Discussions are expected to focus on an amended version of Iran’s seven-day proposal.

The United States (US) and Iran are expected to resume indirect talks as early as Monday or Tuesday, according to an official briefed on the negotiations cited by Reuters.

Mediators are expected to hold separate talks with US and Iranian representatives. Iranian Foreign Minister Abbas Araghchi and Qatari mediators remain in the US ahead of the discussions.

The talks are expected to focus on an amended version of a seven-day proposal presented by Iran on the sidelines of the United Nations General Assembly (UNGA).

Market reaction

Financial markets show a relatively muted reaction to the latest diplomatic developments. The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, rises 0.08% on Monday to trade around 101.10. The West Texas Intermediate (WTI) US Oil retreats slightly from an intraday high of $95.02 but remains up 2.66% on Monday, trading around $93.80 per barrel.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc.

USDEURGBPJPYCADAUDNZDCHF
USD0.14%-0.26%-0.20%0.18%0.00%-0.19%0.30%
EUR-0.14%-0.24%-0.30%0.04%-0.11%-0.20%0.17%
GBP0.26%0.24%-0.08%0.28%0.11%0.05%0.52%
JPY0.20%0.30%0.08%0.34%0.17%0.10%0.60%
CAD-0.18%-0.04%-0.28%-0.34%-0.19%-0.26%0.23%
AUD-0.01%0.11%-0.11%-0.17%0.19%-0.09%0.40%
NZD0.19%0.20%-0.05%-0.10%0.26%0.09%0.50%
CHF-0.30%-0.17%-0.52%-0.60%-0.23%-0.40%-0.50%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Ghiles Guezout

Ghiles Guezout is a Market Analyst with a strong background in stock market investments, trading, and cryptocurrencies. He combines fundamental and technical analysis skills to identify market opportunities.

More from Ghiles Guezout
Share:

Editor's Picks

AUD/USD defends 0.7000 ahead of RBA on Tuesday

AUD/USD is defending 0.7000 at the start of a new week, trading near its lowest level since August 4 amid a bullish US Dollar. US yields hold near multi-year highs amid inflation risks from higher oil prices and rising bets on an October Fed rate hike. This, along with the US-Iran standoff, continues to underpin the safe-haven buck and weigh on the pair ahead of Tuesday's RBA policy announcements.

USD/JPY climbs back toward 158.00 after BoJ minutes amid firm USD

USD/JPY finds dip-buyers and reverses part of Friday's slide driven by speculation that authorities will step in again to prop up the Japanese Yen. However, the BoJ's dovish Minutes cap the JPY. Meanwhile, the US Dollar regains traction as the US-Iran standoff supports crude oil prices, fueling inflation fears and reaffirming bets for an October Fed rate hike. This further supports the pair, driving it back toward 158.00.

Gold tumbles further; focus shifts to $4,100

Gold kicks in the week on the back foot, selling off to the vicinity of the $4,100 mark per troy ounce, levels last traded back in early August. The resurgence of geopolitical concerns in combination with the firmer US Dollar and rising US Treasury yields keep the yellow metal under heavy pressure on Monday.

Bitcoin dips as ETF inflows meet Fed headwinds

Bitcoin trades below $82,800 at the time of writing on Monday after gaining over 4% last week, with the rally losing momentum near recent highs. Strong institutional demand, supported by spot Bitcoin Exchange Traded Fund inflows, continues to drive demand.

The week ahead: A key moment for the global economy as threats rise

UK diesel hits a record, as economic concerns rise. The market expects an aggressive Fed rate hiking cycle, but is it necessary? Oil supply concerns ease, even as oil prices rise. What’s next for the AI trade.

Fed vs BoJ: Both hiked. The market only believes one of them – and the chart shows which

The Fed and the BoJ have just done something remarkably similar. Both central banks raised interest rates by 25 bps last week, both are confronting inflation risks, and both signal that future decisions will depend on incoming economic data.