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The Economic Times
The Economic Times
Business

Dollar hits 10-day low as US, Iran reach peace deal

The U.S. dollar slid on Monday to a 10-day low against its major peers as news the United States had agreed to a peace deal with Iran sent oil prices tumbling and boosted demand for riskier assets.

U.S. and Iranian officials said on Sunday they have agreed on a framework for a deal to end their ‌war, halt the ⁠U.S. ⁠blockade of Iran and reopen the Strait of Hormuz. Oil prices slipped, with Brent crude futures down more than 4% to $83.82.

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