Forex
Dollar Index Plunges Below 100 Amid Optimism Over Iran Talks
The US Dollar Index dropped below the 100 mark on Friday in response to President Donald Trump's announcement that new talks with Iran would begin on Monday.
This development reflects market optimism over potential de-escalation in the Middle East, leading investors to shift away from safe-haven assets like the dollar.
Historically, the dollar strengthens during periods of uncertainty, but when tensions ease, it tends to weaken as investors become more willing to take on risk and buy higher-yielding or riskier assets.