US Dollar Slides 0.3% on Ceasefire Hopes

US Dollar Index fell 0.3% to 98.12 as investors shifted to riskier equities amid optimism over US‑Iran ceasefire talks.
March US producer price index rose 0.5% MoM and 4.0% YoY, missing forecasts of 1.1% and 4.6%, easing inflation concerns.
President Trump indicated possible ceasefire talks in Pakistan within two days, while the US maintains a naval blockade restricting Hormuz oil flows.
Euro, sterling and yen gained against the dollar, with euro at $1.1795, sterling at $1.3567, yen at ¥158.80 per dollar.