Iran is responding to a text sent by the US
According to Iran’s Iranian Students News Agency (ISNA), Iran is responding to a text sent by the United States (US). The agency has also reported that the visit of Pakistan's army chief to Tehran is in order to minimize the gaps and reach an official announcement of agreement.
Market reaction
Sharp volatility has been observed in the US Dollar (USD) after the news release. As of writing, the US Dollar Index (DXY) trades marginally higher at around 99.15 after giving back its early gains.
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