The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, trims earlier gains on Thursday as traders react to fresh geopolitical headlines surrounding US-Iran negotiations.
The British Pound pares some of its earlier losses and edges up by 0.08% amid reports that the US and Iran reached a deal, pending confirmation from US President Donald Trump, according to Axios. At the time of writing, the GBP/USD trades at 1.3437 after bouncing off daily lows of 1.3367.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains some positive traction during the Asian session on Thursday and recovers a major part of the previous day's losses to its lowest level since April 21.