Currency Market Update: May 6th 2026 - Dollar Slips as Iran Deal Progress Weighs on Oil Prices

Currency Market UpdateThis morning has seen the US Dollar lose some momentum, as Donald Trump stated last night that the operation Project Freedom will be paused as a deal with Iran edges closer.

Trump went further to claim great progress has been made for a complete and final agreement with Iran.

Although Iran is yet to officially comment on this deal being close, Iran's Foreign Minister had earlier this week acknowledged some progress in talks between Iran & The US.

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