Diplomatic hopes for Iran war resolution push US dollar to six-week lows
The US dollar fell 1.7 percent this month against major rivals as investors shifted away from the safe-haven asset. The dollar index, which measures the US currency against six units, settled at 98.13, near its lowest in over six weeks. This shift in currency markets reflects a growing risk appetite among investors following an announcement by US President Donald Trump on Tuesday that talks to end the war between the US and Iran could resume in Pakistan in the coming days. Previously, the dollar had been the preferred haven of choice in March as investors sought safety during the conflict.
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