Dollar Slumps Amid BoJ Intervention and US-Iran Deal Hopes

The US dollar remains near six-week lows due to last week's Bank of Japan intervention and improving risk sentiment on hopes for a US-Iran deal.

The greenback was pressured by USD/JPY, which is still down more than 4.0% from last week's highs, as well as USD/SGD, trading around 1.2800 and at two-month lows.

Australia's services sector picked up pace in July, with the S&P Global Services PMI rising to 53.6 from 50.5, extending growth for a second month.