Dollar Tumbles Amid Iran Conflict Pause

The US dollar experienced a decline against major currencies on Monday due to the halt in US military action in Iran, which led to a decrease in oil prices and an increase in risk appetite.

This resulted in the US dollar falling 0.1% against the yen to 163.645, marking its sharpest daily decline since July.

The euro and British pound showed mixed performances against the dollar as oil prices tumbled due to the temporary cessation of US strikes.

Investors are now closely watching central bank meetings this week for insights, while traders have adjusted their expectations regarding the Federal Reserve's rate changes amid ongoing US-Iran tensions.