Dollar Dives Amid Halt in US-Iran Tensions

The U.S. dollar took a hit against major currencies as global investors breathed a sigh of relief following the halt in U.S. military strikes in Iran.

The pause in actions led to a decline in oil prices, with Brent crude plummeting by 4.7% to $92.19.

The dollar's downturn was most pronounced against the yen, falling 0.2% to 163.585 yen, its sharpest drop since July.

Cryptocurrencies also reacted positively to the news, with bitcoin rising 0.9% to $65,193.62 and ether surging 1.9% to $1,948.00.