Dollar Falls as Rate Hike Bets Dwindle Amid Iran War Fears
The US dollar is trading near multi-month lows against major currencies as traders scale back expectations of near-term monetary tightening.
This shift in sentiment comes despite the ongoing threat of an escalation in the Middle East war, which has left market conditions fragile.
The euro fetched $1.1581 in early Asian hours, not far from its two-month high of $1.1614 reached on Monday.