Iranian media reports, citing Al-Arabiya, suggest that the final draft of a US–Iran agreement has reportedly been completed with Pakistani mediation, with an official announcement potentially coming within hours.
MUFG’s Lee Hardman notes the US Dollar is trading at stronger levels as higher US yields reflect growing expectations for multiple Federal Reserve rate hikes following the energy price shock. FOMC minutes signalled a gradual hawkish shift but did not fully endorse aggressive tightening.
The EUR/JPY cross trades on a flat note around 184.75 during the early European session on Thursday.