Dollar Weakens as Risk-On Sentiment Lifts Equities

Investors turned risk-positive at the beginning of the week following news that the United States and Iran had halted strikes, prompting a broad move toward riskier assets.

The US stock index futures rose between 0.8% and 1.4%, while the US Dollar Index declined by more than 0.2%

As investors prepare for a week filled with important economic and central bank developments, the EUR/USD currency pair benefited from improved market sentiment

The EUR/USD pair opened with a bullish gap and was last seen trading around 1.1400 after losing about 0.6% in the previous week.