The US dollar dropped after Iran and Israel stopped their attacks.

After Iran and Israel suspended attacks on Monday, the US dollar fell as oil prices retreated and demand for safe-haven assets weakened. Iran and Israel indicated they would halt the exchange of fire, but vowed to retaliate if fighting broke out again. US President Trump intervened in the conflict, stating that Iran and Israel must stop shooting and announcing that both countries hoped to cease fire immediately. Analysts at Deutsche Bank stated in a report, "It feels at least for now that the hostilities that erupted over the weekend have stopped, and there remains a pathway for continued peace negotiations." The DXY US dollar index fell 0.2% to 99.838.