The US dollar weakened as tensions in Iran appeared to ease; the euro and pound led the gains.

On Friday, the US dollar continued its downward trend, falling for its second consecutive trading day; G-10 currencies showed mixed performance, with the British pound and euro leading gains, while Nordic currencies declined. The Bloomberg Dollar Spot Index fell by 0.2% over the two-day period. US President Trump indicated that he would give diplomatic efforts a chance before deciding whether to participate in strikes against Iran, boosting global stock market rebound, while oil prices narrowed their gains.