Dollar rate falls to monthly low due to US-Iran truce
Kyiv • UNN
The American currency depreciated amid news of a ceasefire. The euro and pound showed rapid growth relative to the US dollar.
The dollar fell to its lowest level in a month against major currencies after news of a ceasefire instilled optimism in risky assets worldwide. Reuters writes about this, UNN reports.
Details
It is noted that the euro rose by 0.54% to $1.1696, after previously reaching its highest level since early March, while the pound rose by 0.78% to $1.3395. The dollar fell by 0.6% against the yen to 158.675.
The dollar has been the main beneficiary of the war with Iran among currencies, partly because the US is a net energy exporter and less susceptible to the shocks that oil importers such as Japan and many European countries may face.
It is indicated that the dollar is still above the level it was before the war, which indicates that investor sentiment has not fully recovered.
Recall
Iran will demand shipping companies pay fees in cryptocurrency for oil tankers passing through the Strait of Hormuz, seeking to maintain control over passage through this key waterway during a two-week ceasefire.
Oil price drops below $100 after Trump announces two-week ceasefire08.04.26, 10:28 • 3504 views