By Amanda Cooper
LONDON, June 22 (Reuters) - The dollar held firm on Monday as the first round of U.S.-Iran talks fuelled investor optimism for a deal, while the yen was stuck near 40-year lows and the pound slipped after UK Prime Minister Keir Starmer said he would resign.
Mediating nations Qatar and Pakistan said the U.S. and Iran agreed to a roadmap towards a final deal to end their conflict within 60 days, although investors fretted about threats from U.S. President Donald Trump to restart the war in the Middle East and Tehran's announcement it had closed the vital Strait of Hormuz.
Oil prices fell nearly 2%, leaving Brent crude futures at $79.1 a barrel.
"The physical market remains tight and that should provide some support, but flows in FX and commodities will continue to be heavily influenced by developments in the energy complex," said Chris Weston, head of research at Pepperstone.
LONDON, June 22 (Reuters) - The dollar held firm on Monday as the first round of U.S.-Iran talks fuelled investor optimism for a deal, while the yen was stuck near 40-year lows and the pound slipped after UK Prime Minister Keir Starmer said he would resign.
Mediating nations Qatar and Pakistan said the U.S. and Iran agreed to a roadmap towards a final deal to end their conflict within 60 days, although investors fretted about threats from U.S. President Donald Trump to restart the war in the Middle East and Tehran's announcement it had closed the vital Strait of Hormuz.
Oil prices fell nearly 2%, leaving Brent crude futures at $79.1 a barrel.
"The physical market remains tight and that should provide some support, but flows in FX and commodities will continue to be heavily influenced by developments in the energy complex," said Chris Weston, head of research at Pepperstone.
2 months ago
