The US Dollar Index drops to 99.70 after President Trump reveals plans to resume Iran negotiations this week.
The US Dollar Index (DXY) slipped below the 100.00 mark, trading at 99.70 in early Asian trading on Monday. The decline follows President Trump’s announcement that new talks with Iran would begin this week, boosting risk sentiment.
The DXY, which measures the USD against a basket of six major currencies, had hovered near 100.50 late last week. Improved market risk appetite often weakens demand for the safe-haven dollar, contributing to the index’s retreat.
No immediate market reaction beyond the index’s move was reported in early trading sessions.