The Iranian rial has strengthened against major global currencies, with the US dollar falling 5.86% to IRR996,000 following US President Donald Trump's announcement of direct talks with Iran.

The currency surge came after Trump revealed during a meeting with Israeli Prime Minister Benjamin Netanyahu at the White House on April 7 that the US is engaged in direct talks with Iran.

"We're having direct talks with Iran, and they've started. It'll go on Saturday. We have a very big meeting, and we'll see what can happen," Trump told reporters during the meeting with Netanyahu, bnm IntelliNews reported.

"Maybe a deal's going to be made, that would be great. We are meeting very importantly on Saturday, at almost the highest level," he said.

This appreciation of the Iranian currency extends beyond the dollar, with similar gains recorded against most major currencies. The euro declined by 5.38% to IRR1,093,100, while the British pound saw a 5.38% drop to IRR1,273,600.

Nearly all currencies in the table show significant losses against the rial, ranging from approximately 4% to 6%. The Canadian dollar posted one of the larger declines at 5.48%, dropping to IRR703,300.

The Swiss franc fell by 5.47% to IRR1,162,800, while the Turkish lira experienced a substantial 5.92% decrease to IRR26,200. The Japanese yen dropped 5.59% to IRR6,750.

The only exception to this trend appears to be the Emirati dirham, which showed a modest gain of IRR400, although this represents a very small percentage change relative to the other currencies.

Financial analysts will be closely monitoring whether this trend represents a sustainable shift in the rial's value as more details emerge about the talks between Washington and Tehran.