The dollar fell sharply after Trump's remarks. Prior to the news, the dollar had risen against most other currencies, pushing the euro up by more than 1% into positive territory to $1.158, after having reached around $1.487 earlier.
The dollar index fell 0.3%, after having risen 0.6% earlier.
US President Donald Trump said that the United States and Iran had held “very good and productive” talks over the past two days, which addressed reaching a comprehensive solution to tensions in the Middle East.
Trump explained in a post on Truth Social that these talks were in-depth, detailed and constructive, and are scheduled to continue throughout this week.
He added that, based on the atmosphere of these discussions, he issued directives to postpone any military strikes against power plants and energy infrastructure in Iran for five days, noting that the decision remains contingent on the success of the ongoing meetings and talks between the two sides.
