Dollar eases as US-Iran deal hopes grow, yen drifts

May 6, 2026

The US dollar weakened against major currencies on Wednesday. This happened after the United States indicated it is close to an agreement with Iran. Meanwhile, the Japanese yen continued to fall. US oil futures also dropped following these remarks. Markets are now awaiting US non-farm payrolls data. This will help determine the Federal Reserve’s next move on interest rates.

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