US officials' comments on Iran negotiations put mild pressure on US Dollar

United States Vice President JD Vance said on Friday that Iran would not receive cash or released funds simply for signing a potential agreement, pushing back against what he described as false information surrounding a possible deal to reopen the Strait of Hormuz and end Iran’s nuclear weapons program.

Key takeaways:

Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting.

Seeing a lot of fake information about a potential deal to reopen the Strait and end Iran’s nuclear weapons program.”

Market reaction

The US Dollar Index (DXY) continued to fall toward the 99.70 price zone after having been under pressure since the start of the American session in an immediate reaction to comments from various US officials.

A Senior US Trump administration official added that any potential Iran deal would be performance-based, with no money released to Tehran until it complies with the terms, according to Reuters:

Iran deal is performance-based.

Nuclear material will be destroyed and removed.

Nuclear program will be dismantled.

No money released to Tehran until they perform.

Strait of Hormuz open.

No Iran funding of terrorist groups.”