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Breaking Posted 11 days ago

US-Iran preliminary deal announced as Trump attends G7 summit

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The US and Iran announced a preliminary agreement Sunday that would reopen the Strait of Hormuz on Friday after signing in Geneva. Nuclear capability discussions are delayed 60 days. USD could strengthen on reduced Middle East tensions, while oil-sensitive currencies like CAD and NOK may weaken on lower crude prices. Safe-haven demand for JPY and CHF likely to decrease.
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