US-Iran Peace Deal Sinks Dollar to 10-Day Low
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The U.S. dollar index dropped to its lowest level in 10 days on Wednesday after the United States and Iran announced a peace agreement. The deal also reopened the Strait of Hormuz, a key shipping route.
According to Reuters, the dollar index fell 0.31 percent to 99.492 points. This decline pushed investor appetite toward riskier assets, such as stocks and commodities.
The agreement eased fears of conflict in the Middle East. It marked a sudden shift in market sentiment, driving traders away from the safe-haven dollar.