Iran acknowledges receiving ceasefire proposal through Pakistan - Reuters

Source Fxstreet

Iran has confirmed that it has received the proposal of a ceasefire by the United States (US) through Pakistan and has stated that it is being reviewed, according to a Senior Iranian official, Reuters reports. However, it has clarified that it will not accept any proposal under pressure or deadlines.

Remarks

Tehran has received Pakistan's proposal, it is being reviewed

Will not accept deadlines or pressure to make a decision

Iran will not reopen Strait of Hormuz Strait of Hormuz in exchange for a 'temporary ceasefire'

Believes that US lacks readiness for a permanent ceasefire

Market reaction

The US Dollar (USD) appears to have reacted negatively to Iran's acknowledgement to US ceasefire proposal. As of writing, the US Dollar Index (DXY) trades 0.2% lower to near 100.00.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.23% -0.23% -0.02% -0.11% -0.32% -0.37% -0.16%
EUR 0.23% 0.02% 0.18% 0.14% -0.10% -0.16% 0.06%
GBP 0.23% -0.02% 0.17% 0.08% -0.11% -0.19% 0.05%
JPY 0.02% -0.18% -0.17% -0.07% -0.30% -0.36% -0.14%
CAD 0.11% -0.14% -0.08% 0.07% -0.20% -0.27% -0.05%
AUD 0.32% 0.10% 0.11% 0.30% 0.20% -0.08% 0.16%
NZD 0.37% 0.16% 0.19% 0.36% 0.27% 0.08% 0.24%
CHF 0.16% -0.06% -0.05% 0.14% 0.05% -0.16% -0.24%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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