Dollar drops as US-Iran tensions ease
The dollar declined against major currencies after the United States halted its airstrikes in Iran, leading to a drop in oil prices and boosting investor confidence. The dollar fell by 0.2% against the yen to 163.585 yen, while the euro and the British pound rose by a similar margin to $1.1397 and $1.3353, respectively. Oil prices also dropped by 4.7% to $92.19 per barrel, following a temporary pause in American attacks that had been ongoing for two weeks, reflecting a cautious easing of tensions between Washington and Tehran.
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