Dollar firms as optimism for swift end to Iran war fades
The dollar eased as investors reassessed the Middle East conflict, with concerns lingering that recent optimism about a quick resolution may be premature. The dollar index fell 0.1% to 98.74, while oil prices dipped and Treasury yields fell, indicating a pullback in the flight to safe-haven assets.
The dollar eased as investors reassessed the Middle East conflict. The dollar index fell 0.1% to 98.74. Oil prices dipped, with U.S. crude falling to about $87 a barrel. The euro was about flat on the day at $1.16318. The dollar was 0.1% higher against the yen at 157.785. U.S. equity averages were marginally lower on Tuesday. The pound was 0.1% higher against the dollar at $1.3465.
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