The peace scenario keeps oil prices below 100 dollars a barrel, reduces pressure on emerging market currencies and increases risk appetite. However, U.S. Secretary of State Marco Rubio warned that the talks could take several days, which caused some disappointment.
Washington and Tehran did not expect rapid progress, which reduced optimism. This led to a partial recovery in the dollar’s attractiveness as a safe haven asset. The stock market showed mixed results. The euro fell to $1.163 after rising on Monday, while the Japanese yen traded at 158.99 per U.S. dollar. The dollar index stood at 99.031.
Oil prices partially recovered after falling in early trading. Brent futures rose 1.5 percent to $97.76 a barrel after falling 7 percent on Monday. Analysts believe a return to pre-war levels will take time.
