Kuala Lumpur, 28 May 2026 – The US dollar weakened against major currencies as reports of a possible ceasefire agreement between the United States and Iran lifted market sentiment, easing demand for safe-haven assets and reducing some of the inflation anxiety tied to higher energy prices.
The dollar index, which tracks the greenback against a basket of major currencies, fell 0.3% to 99, putting it on track to snap two sessions of gains. The euro rose 0.20% to US$1.1649, while the dollar weakened 0.37% against the Swiss franc after reports that Washington and Tehran had agreed to extend a ceasefire for 60 days.
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