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fxJun 9, 2026, 11:39 AM

US Dollar Index Slumps to Near 99.75 on Iran Deal Hopes

The US Dollar Index fell to about 99.75 during European trading as renewed hopes for a US-Iran peace deal reduced demand for safe-haven assets.

DXY

The US Dollar Index (DXY) declined to approximately 99.75 during Tuesday's European session. The move was driven by renewed optimism that the United States and Iran may reach a permanent peace agreement, which dampened the safe-haven appeal of the US dollar. The dollar underperformed against most major currency peers amid the shift in sentiment.

Source: FXStreet Forex News