US Dollar steadies as Trump pauses planned Iran attack
The US dollar index rose 0.1 percent to 99.076 in Asian trading after President Trump announced a pause in planned military action against Iran. Markets reacted to easing geopolitical tensions as oil prices fell and Treasury yields decreased, while the yen remained stable following stronger than expected Japanese growth data.
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The United States dollar rose 0.1% to 99.076 as a pause in Middle East tensions stabilized global currency markets. The index snapped a five-day winning streak on Monday as immediate fears of a military escalation receded. Investors are now recalibrating inflation risks as energy prices retreat from recent highs.
