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fxJun 15, 2026, 8:48 PM

US Dollar Lifts Off Lows as Trump Hints at Iran Deal Progress

The US Dollar Index recovered from 10-day lows after President Trump indicated an Iran deal has been signed, though he warned that sanctions relief will not come until Iran complies.

DXY

The US Dollar Index (DXY) climbed off its 10-day lows on Tuesday, reaching the 99.70 area. The move followed President Trump's statement that an Iran deal has been signed, even as he noted the importance of falling oil and rising stocks.

However, caution persists. Trump also warned that there will be no sanctions relief for Iran until they fulfill their obligations. The conflicting signals leave traders uncertain about the near-term outlook for the greenback.

Source: FXStreet Forex News