Dollar drops to lowest after US-Iran deal

The dollar fell to its lowest levels this month against the major currencies, following reports of a peace agreement between the United States and Iran, which led to a drop in oil prices and increased demand for riskier assets. American and Iranian sources reported a framework agreement to end the war and reopen the Strait of Hormuz, while Brent crude declined by more than 4% to $83.82 per barrel, amid ongoing caution over the possibility of military escalation if Iran does not reach a final agreement. The dollar index declined to 99.492, the lowest since June 5, with expectations of further decreases in the upcoming sessions.

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