Dollar softens but heads for weekly gain amid Middle East uncertainty [Yahoo! Finance Canada]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
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Source: Yahoo! Finance Canada
talks between the U.S. and Iran, but headed for its first weekly gain in close to a month as investors remained nervous over the situation in the Middle ?East. The dollar had been trading around flat in early trading but later in the European session it softened more and was last down 0.23% at $98.595. Brent ?crude futures turned negative in early afternoon trade in Europe after a Pakistani government source said Iranian Foreign Minister Abbas Araqchi was expected to arrive in Islamabad on Friday night with a small team and ?peace talks with the U.S. were likely to take place. While Lebanon and Israel extended their ceasefire for three weeks ahead of its expiration on Sunday, Iran showed off its control over the Strait of Hormuz by releasing footage of its commandos storming a huge cargo ship, leaving the timing of the reopening of the world's most important shipping corridor uncertain and keeping oil prices elevated. The euro was 0.3% higher at $1.1172. Sterling edged 0.2%
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