Dollar rises as U.S.-Iran deadlock lifts safe haven demand; eyes on central banks

The dollar firmed on Tuesday, as investors assessed an apparent deadlock in talks between the U.S. and Iran as well as a raft of central bank interest rate decisions this week.

At 16:52 ET (20:52 GMT), the U.S. dollar index, which tracks the greenback against a basket of six major peers, rose 0.2% to 98.64.

Trump unhappy with Iran offer, Tehran to revise it  

Media reports suggested that President Donald Trump was not happy with an Iranian proposal which would conclude their two-month conflict and reopen the Strait of Hormuz, but postpone discussions around Tehran’s nuclear ambitions to a later stage. CNN reported that mediators in Pakistan were expecting to receive a revised proposal from Iran in the next few days, citing sources close to the mediation process.

Trump has often said that eradicating Iran’s nuclear capabilities, particularly its access to a nuclear weapon, has been a driving force of the joint U.S.-Israeli assault launched in late February. For that reason, Trump was displeased by the proposal, Reuters reported, citing a U.S. official briefed on the matter.

Hopes for a revival in peace negotiations between the U.S. and Iran were dented over the weekend, when Trump called off sending his negotiators to Pakistan for a fresh round of talks.

Trump on Tuesday said Iran had informed the U.S. that they were in a "state of collapse."

Trump unhappy with Iran offer, Tehran to revise it  

Media reports suggested that President Donald Trump was not happy with an Iranian proposal which would conclude their two-month conflict and reopen the Strait of Hormuz, but postpone discussions around Tehran’s nuclear ambitions to a later stage. CNN reported that mediators in Pakistan were expecting to receive a revised proposal from Iran in the next few days, citing sources close to the mediation process.

Trump has often said that eradicating Iran’s nuclear capabilities, particularly its access to a nuclear weapon, has been a driving force of the joint U.S.-Israeli assault launched in late February. For that reason, Trump was displeased by the proposal, Reuters reported, citing a U.S. official briefed on the matter.

Hopes for a revival in peace negotiations between the U.S. and Iran were dented over the weekend, when Trump called off sending his negotiators to Pakistan for a fresh round of talks.

Trump on Tuesday said Iran had informed the U.S. that they were in a "state of collapse."