The dollar index (DXY00) on Wednesday rose by +0.03%. The dollar recovered from early losses on Wednesday and posted modest gains on conflicting signals about prospects for a US-Iran deal to end the war and reopen the Strait of Hormuz. Iranian television said it obtained an unofficial draft of the US-Iran memorandum, which stated that US military forces would lift the naval blockade of Iran, while Iran would allow restored commercial shipping through the Strait of Hormuz. However, the dollar rebounded when US officials said the unofficial draft obtained by Iranian state television is a “complete fabrication” and “not true.”…
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