Singapore, 6 May 2026 – The US dollar fell to its lowest level since the start of the Middle East war after reports suggested Washington and Tehran may be close to a preliminary agreement to end hostilities, triggering a relief rally across global markets.
The Bloomberg Dollar Spot Index declined as much as 0.8% to its lowest level since 26 February, erasing gains made since the conflict began. The greenback weakened against most major currencies as investors reduced safe-haven positions and moved back into risk assets.
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