Dollar Declines Amid War-End Optimism

Key Topics in this News Article:
News Snapshot:

The dollar index (DXY00) on Wednesday added to Tuesday’s losses and fell by -0.34%. The dollar is under pressure due to optimism that the war in Iran will end soon. Wednesday’s stock rally also reduced liquidity demand for the dollar. The dollar recovered from its worst level after better-than-expected US economic news on Wednesday: Mar ADP employment, Feb retail sales, and the Mar ISM manufacturing index. President Trump on Wednesday said he foresaw the US ending the war with Iran within two to three weeks. Mr. Trump said Iran has asked for a ceasefire, which he will consider when the…