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Dollar Falls to Lowest Level Since Middle East War Began as Peace Hopes Lift Risk Appetite

By Chee Liang CFA3 min read

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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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.