Iranian negotiator Abbas Araqchi & 3 EU foreign ministers meet Friday

A U.S. official told CNN that expectations are low for Friday’s meeting in Geneva between Iranian negotiator Abbas Araqchi and the foreign ministers of three European nations.

Despite the cautious outlook, a White House official noted that progress cannot be ruled out, leaving the door open — however narrowly — for diplomatic movement.

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This does not sound too hopeful, but its something to hope for I guess. I noted earlier:

• Relatively quiet re news from the Middle East is supporting risk FX

Add this ‘hope’ into the supportive mix for markets.

This article was written by Eamonn Sheridan at www.forexlive.com.