# The dollar index was flat on ‌Thursday ‌as traders weighed the likelihood of a near-term deal to end the Middle East war.

*business · news · 2026-05-21 · Devdiscourse*

## Key points

- Iran's Supreme Leader has ordered a halt to near-weapons-grade uranium exports, per Reuters.
- Unconfirmed reports suggest Washington and Tehran have agreed on a final draft to end the war.
- Euro zone economic activity shrank in May at its fastest rate in over two and a half years.
- Bank of Japan may raise rates as early as June due to Middle East war inflation pressures.
- Investors requested the Bank of Japan pause bond tapering amid bond market volatility.

**Companies:** CIBC Capital Markets
**Countries:** Iran, United States, Japan, United Kingdom, Canada

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/business/3917443-forex-dollar-whipsawed-by-conflicting-iran-deal-signals)

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