Forex Today: US Dollar extends slide as softer US data and Iran optimism reshape markets

The US Dollar weakened further in today’s forex session, pressured by softer-than-expected US economic data that reinforced expectations of a dovish Federal Reserve stance. Concurrently, improved sentiment around Iran, driven by geopolitical de-escalation and potential sanctions relief, boosted risk appetite and reduced demand for safe-haven currencies. This shift in risk appetite and rate differential expectations has weakened the dollar across the board, particularly against commodity-linked and emerging market currencies. The IRAN equity and currency markets are especially sensitive to these developments due to direct exposure to potential reintegration into global trade and financial flows. Traders will closely watch upcoming US inflation data and any official statements from ongoing Middle East diplomatic talks for further direction on both dollar positioning and Iran-related asset moves.

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