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Dollar hits 10-day low amid peace deal
The US dollar retreated to its lowest level in ten days after the announcement of a preliminary agreement between the United States and Iran to end the war. The deal includes lifting the Iranian blockade and opening the Hormuz Strait, with an official signing scheduled for Switzerland next week. This has led to increased demand for risk-related currencies such as the euro, British pound, and Australian dollar, as markets await details on the future of Iran's nuclear program, amid anticipation of major central banks' decisions this week.
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