Pakistan delivered US proposal to Tehran – Reuters

Citing a source, who asked not to be named, Reuters reported on Wednesday that Pakistan has delivered the United States' proposal to Iran.

Other details of the report suggest that sides are yet to decide on a venue for talks between Tehran and Washington, and that Turkiye is one of the the potential places to hold such talks.

Market reaction

This headline failed to trigger a noticeable market reaction. At the time of press, the US Dollar (USD) Index was up 0.15% on the day at 99.32.

Mar 25, 2026

ECB: Wait-and-see for second-round effects from energy shock – TD Securities

TD Securities notes that President Lagarde used the ECB and Its Watchers conference to outline how the Governing Council is assessing the Middle East conflict shock. The bank says the ECB is effectively playing for time, watching selling price expectations and wage trackers.

EUR/USD Price Forecast: Remains sideways near 200-day EMA, ECB warns of high inflation

The EUR/USD pair trades broadly sideways around 1.1600 during the European trading session on Wednesday. The major currency pair consolidates as investors await Iran’s response to United States (US) President Donald Trump’s proposals of a month-long ceasefire and 15-point settlement plan.