The dollar weakened ahead of the Federal Reserve's policy decision, with optimism over a U.S.-Iran peace deal boosting risk appetite. The yen also struggled against a softer dollar after a widely anticipated Bank of Japan rate hike offered few surprises. Investors remained cautious before the Fed's announcement, with focus on potential shifts in its monetary policy stance.
The U.S. dollar weakened against major currencies as markets awaited the Federal Reserve's policy decision. Optimism surrounding a potential U.S.-Iran peace deal boosted global risk appetite, further pressuring the dollar. The yen also struggled despite the Bank of Japan's…
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