Dollar Index Poised for Decline on US-Iran Peace Deal Optimism
Risk-on sentiment strengthens as a US-Iran peace deal is expected to be signed on Friday, putting the Dollar Index under pressure.
DXY
Markets are leaning risk-on after reports that a US-Iran peace deal could be signed as early as Friday. Some headlines even suggest the agreement has already been finalized, boosting appetite for risk assets.
As risk appetite improves, the US Dollar Index is eyeing further downside. A potential de-escalation of geopolitical tensions typically weighs on safe-haven demand, and traders are pricing in a weaker greenback ahead of the expected signing.
Source: FXStreet Forex News