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Secret talks between the US and Iran signal a potential peace process, causing the US dollar to fall from its highs
Odaily Planet Daily reports that as concerns over the US-Iran conflict ease, demand for safe-haven assets declines, and the US dollar exchange rate falls. The New York Times states that one day after the attack, Iran has contacted the US through indirect channels to discuss conditions for ending the conflict. Additionally, Trump said the US will provide military escort for oil tankers passing through the Strait of Hormuz. David Morrison from Trade Nation noted in his report, “If there is evidence that shipping can safely pass through the strait before the weekend, it will play a significant role in fully easing tensions.” (Jin10)