The US Dollar has regained ground this morning against both Euro and Sterling overnight as traders are seemingly concerned about the next round of negotiating talks between Tehran & the US, as potential talks look to have fallen through.
Both countries remain stuck over the Strait of Hormuz and the US blockade of Iran, with the extension of a ceasefire having minimal effects on the market. The Dollar also benefited from growing confidence that The Federal Reserve look increasingly likely to avoid interest rate cuts throughout this year, mainly due to increased uncertainty from this conflict.
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