The dollar weakened as hopes for an Iran-U.S. de-escalation boosted oil-exposed currencies, while Japan’s verbal intervention kept speculators cautious about the yen. Despite a potential peace proposal, concerns remain about unresolved nuclear demands and the Strait of Hormuz, impacting oil prices and Treasury yields. The euro saw gains as the dollar index retreated.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets