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Market Impact: 0.7

Dollar Sinks 1% to Erase This Year’s Gains on US-Iran Ceasefire

Geopolitics & WarCurrency & FXInvestor Sentiment & PositioningMarket Technicals & Flows

The dollar dropped more than 1% and wiped out its gains for the year after the US and Iran agreed to a two-week ceasefire. Reduced geopolitical risk triggered a risk-on rally, boosting demand for riskier assets and pressuring safe-haven FX.

Analysis

The dollar dropped more than 1% and wiped out its gains for the year after the US and Iran agreed to a two-week ceasefire. Reduced geopolitical risk triggered a risk-on rally, boosting demand for riskier assets and pressuring safe-haven FX.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.30