Dollar Drops 0.3% After Trump Signals Iran Peace Deal, Lifts Haven Demand
Updated
Updated · Bloomberg · Jun 11
Dollar Drops 0.3% After Trump Signals Iran Peace Deal, Lifts Haven Demand
3 articles · Updated · Bloomberg · Jun 11
Summary
The Bloomberg Dollar Spot Index fell 0.3% in New York trading on Thursday, its worst one-day performance since May 6.
Trump drove the move after saying a deal to end the war with Iran was near and calling off planned US military strikes, reducing demand for the dollar as a haven.
Oil prices also fell and US Treasuries rallied as markets priced in lower immediate geopolitical risk.
The reaction showed how quickly easing Middle East tensions can reverse recent safe-haven flows into the dollar and other defensive assets.