US-Iran Sign MOU With 60-Day Final Agreement Target

The US and Iran have signed the Islamabad Memorandum of Understanding, committing to an immediate and permanent ceasefire, mutual non-aggression, and a 60-day timeline to negotiate a final agreement, with extensions possible by mutual consent. The deal also covers Lebanon's sovereignty and non-interference in each other's internal affairs. Reduced Middle East tensions typically weaken safe-haven flows, pressuring USD/JPY and CHF pairs as risk appetite improves. Oil-linked currencies like CAD may react to potential Iranian oil supply changes, while USD could face modest selling if risk-on sentiment dominates.