Khaberni - The dollar is heading on Friday towards its biggest weekly loss since January, while other currencies rise driven by optimism about the durability of the ceasefire in the Gulf and the resumption of oil shipments.
The direction of the markets is likely to depend on the outcomes of the upcoming talks between the United States and Iran in Islamabad.
The dollar made gains in March as one of the few safe-haven assets, since the US and Israeli war with Iran led to a sharp rise in oil prices and negatively affected stocks and gold, and concerns about inflation also led to a decrease in bonds.
But since agreeing on a fragile ceasefire on Tuesday, the situation has changed and the dollar index has lost 1.3% since the beginning of the week.
The euro has advanced this week to reach $1.1690.
It seems that the Australian and New Zealand dollars are on their way to achieve weekly gains of nearly 3% against the dollar. The Australian dollar was traded at just over 70 cents, while the New Zealand dollar reached $0.5847.
The British pound increased by 1.8% this week to reach $1.3424.
Even the yen, which is under severe pressure due to low interest rates in Japan and government spending plans and the country's reliance on imported oil, reached 159.2 against the dollar.
