Thin market conditions amplify dollar weakness after unverified reports of a US-Iran peace agreement surface.
The USD declined in thin early Asia trading after reports emerged of a potential peace agreement between the US and Iran. Market liquidity was limited, amplifying the currency’s move lower.
No official confirmation of the deal has been released, and prior geopolitical tensions had kept markets on edge. The dollar had previously shown resilience amid Middle East uncertainties, but the news triggered a swift reaction.
Traders are awaiting further details, with no immediate follow-through in broader asset classes reported.