Iran: Unfreezing of Tehran’s funds is last sticking point with US
According to Iran‘s Fars news agency, the unfreezing of Iran’s funds is the last serious sticking point with the United States (US), being resolved through Qatar mediation. However, there has been no official confirmation. These headlines suggest that the US and Iran are close to reaching a deal. Meanwhile, US Interior Secretary Doug Burgum has announced that President Donald Trump will come through with a great deal on Iran. Market reaction No immediate reaction by the US Dollar (USD), riskier assets, and oil prices after the news release. During press time, the US Dollar Index (DXY) trades almost flat at around 99.00. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the worlds reserve currency. For most of its history, the US Dollar was backed by Gold, until the









