Trump announced a ceasefire with Iran, causing the US dollar to fall.

After President Trump announced a ceasefire with Iran, the US dollar fell to a one-month low against a basket of currencies. Iran's Supreme National Security Council agreed to allow ships to safely pass through the Strait of Hormuz and stated that negotiations with the US will begin on Friday. This news caused oil prices to decline and improved risk appetite. Due to the US's status as a net oil exporter and the US dollar's safe haven status, the dollar came under pressure. The DXY dollar index fell by 1.1% to 98.685.