Dollar Falls Amid US-Iran Pause, Oil Prices Drop

The US dollar has retreated against its major peers in early Asian trading on Monday after the US paused its bombing campaign in Iran over the weekend.

This pause led to a decline in oil prices, with Brent crude dropping 4.7% to $92.19 as global investor confidence increased.

The dollar index fell by 0.25% to 101.23, while major currencies such as the euro and British pound rose against the greenback.

In cryptocurrencies, Bitcoin was up 0.9% at $65,193.62, and ether climbed 1.9% to $1,948.00.