US Dollar Index Retreats from Two-Month High After Trump Cancels Iran Strikes

The US Dollar Index (DXY) slipped from its highest level in two months on Thursday following President Donald Trump's announcement that he had cancelled scheduled strikes and bombings against Iran that were planned for the day.

Trump's decision eased safe-haven demand for the greenback, which had earlier rallied amid geopolitical tensions. The index, which measures the dollar against a basket of six major currencies, gave back some of its recent advances as the immediate threat of conflict receded.