The US Dollar Index retreats near 101.00 after de-escalation in US-Iran military activity reduces safe-haven demand.
The US Dollar Index (DXY) fell to around 101.20 during Asian trading, extending losses after a brief pause in US-Iran hostilities. The index, which tracks the USD against six major currencies, had posted minor declines in the prior session as geopolitical risks receded.
Earlier, the DXY hovered near 101.50 before slipping below 101.20, reflecting reduced demand for the greenback as a safe-haven asset. The move follows reports of a halt in retaliatory strikes between the two nations, easing market concerns over supply disruptions in the Middle East.
No immediate market reaction was specified, but the shift aligns with broader risk-on sentiment observed in equity and commodity markets.