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Dollar slips as US Iran deal hopes rise while yen keeps weakening
Economy
Published on 6 May 2026
Deal talks lift risk appetite, but yen remains under pressure
The US dollar eased against major currencies on Wednesday as hopes grew that the US is close to an agreement with Iran. The Japanese yen also drifted lower, while US oil futures fell in line with the shifting outlook. Investors are now focused on upcoming US non farm payrolls data, which is expected to shape expectations for the Federal Reserve’s next interest rate move.
- Dollar weakens as US signals progress on Iran talks
- Yen continues to slide, reflecting persistent market caution
- Oil futures fall alongside the improved diplomatic narrative
- Non farm payrolls data will guide Fed rate expectations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times