US Dollar Slides 1.2% After US-Iran Ceasefire

The U.S. dollar index fell 1.2% to 98.71 following a two‑week ceasefire agreement between the United States and Iran.
The euro rose 1.0% to $1.1707 and the British pound gained 1.4% to $1.3470 against the weakening dollar.
Analysts expect short‑term equity rally, bullish yield‑curve steepening and broader currency recovery as investors hope the ceasefire leads to lasting peace.
US President Trump warned of 50% tariffs on any nation supplying weapons to Iran and signaled upcoming tariff and sanctions relief talks.