US dollar wobbles as markets monitor fragile Iran truce

The US dollar stayed shaky today as investors assessed the fragile ceasefire between the US and Iran. Markets remain cautious as oil prices edge higher.

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Insights:

The United States dollar remained on a shaky footing on Thursday as investors assessed whether a fragile two-week ceasefire with Iran would hold. The truce appeared to be on thin ice as Israel continued its parallel war against the Iran-aligned militia Hezbollah in Lebanon, while Tehran accused both Israel and the U.S. of violating the agreement and stated that proceeding with peace talks would be unreasonable.

An illustration of U.S. dollar banknotes from March 24, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
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