Dollar nurses losses as markets weigh Trump delay in Iran strikes [CNBC]
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Source: CNBC
Yaorusheng | Moment | Getty Images The dollar nursed steep losses against major currencies on Tuesday in a wild start to the week after U.S. President Donald Trump delayed the bombing of Iran's power grid, a move that allayed fear of a prolonged war in the Middle East. Trump wrote on his Truth Social platform that the U.S. and Iran had held “very good and productive” conversations about a “complete and total resolution of hostilities in the Middle East”. Iran denied it had engaged in any direct negotiations. The contrasting comments left markets on edge after a risk-on rally immediately after Trump's post in which he postponed the bombing for five days. Still, markets were mindful of the war all but halting shipments of about one-fifth of the world's oil and liquefied natural gas through the Strait of Hormuz. Sterling eased 0.5% to $1.33925 after jumping nearly 1% on Monday, while the euro was down 0.2% at $1.1593 after gaining 0.4% in the previous trading session. The doll
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