Currency Market Update: May 29th 2026 - Investor Confidence Rises on Middle East Developments

Currency Market UpdateInvestor sentiment received a boost, following reports late Thursday that the US and Iran have drafted a framework to extend their ceasefire by 60 days.

This extension aims to provide a buffer for ongoing negotiations regarding Tehran’s nuclear program and regional security. However, the proposal is not yet finalised, as it currently awaits official approval from US President, Donald Trump and formal confirmation from Iranian leadership.

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