The dollar index fell by 0.3% after rising by 0.6% earlier. The dollar sharply dropped 0.3%, and stocks rose on Monday after U.S. President Donald Trump stated that he had asked the Department of Defense to postpone 'all military strikes' against Iranian energy stations and energy infrastructure for 5 days. U.S. stock index futures jumped more than 2%, with the Dow Jones up 2%, the S&P 500 up 2.03%, and the Nasdaq up 2.15%. The dollar had previously risen against most other currencies, pushing the euro up more than 1% into positive territory to reach $1.158, from around $1.487 earlier. Meanwhile, the Stoxx 600 index erased its daily losses to turn positive.
Dollar falls, stocks rise after Trump delays Iran strikes
The U.S. dollar fell by 0.3%, and American stocks rose by over 2% after President Donald Trump announced a 5-day delay in military strikes against Iranian energy infrastructure. The dollar had been strengthening earlier, but the market reacted positively to the news of a potential de-escalation.