US Dollar Maintains Gains Amid Middle East Conflict Shifts

The US dollar held gains on Tuesday as Trump suggested the Middle East conflict could end soon. Oil prices fell 15 percent as risk appetite modestly improved.

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The United States dollar maintained modest gains against major currencies on Tuesday as investors navigated the complex geopolitical landscape of the Middle East. While the greenback had surged following recent strikes involving Israel and Iran, some of those gains were surrendered after political commentary suggested the conflict might resolve sooner than previously anticipated.

A collection of U.S. dollar bills is displayed in an illustrative photo from April 2017. REUTERS/Dado Ruvic/Illustration/File Photo
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