If you have to follow the news with your cash, these are insanely difficult markets.
The dollar, seen as a safe haven asset, fell by the most in more than a month as President Donald Trump vowed of progress on a deal to end the war.
The day before President Trump had vowed to expand the war by taking over Iran’s oil infrstrucure on Kharg Island.
The Bloomberg Dollar Spot Index dropped 0.3% Thursday afternoon in New York. It was the currency’s worst one-day performance since May 6. The President’s remarks also led to a decline in oil prices and a surge in U.S. Treasuries. Brent crude fell 4.28% on the day. The yield on the 10-year Treasury fell 9 basis points to 4.46%
“There is a notably more constructive tone to this afternoon’s headlines, which has boosted expectations for an imminent peace agreement,” Alex Cohen, a foreign-exchange strategist at Bank of America, told Bloomberg. “This has weighed on the U.S. dollar.”
The dollar has climbed 1.6% since the U.S. and Israel attacked Iran in late February.
