Dollar steadies, set for weekly loss on US-Iran deal talks

The US dollar was steady but headed for a weekly loss as optimism over a potential US-Iran peace deal weakened safe-haven demand for the greenback. The euro hovered near a one-week high after the ECB delivered its first interest rate hike in three years, while the dollar held near intervention-sensitive levels against the yen at 160.225. Meanwhile, US producer prices rose more than expected in May, and traders expect the Fed to keep rates steady at 3.5%-3.75% next week but see over a 50% chance of a hike by year-end.