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The yen strengthened 0.6% against the greenback to 158.68 yen per dollar. The euro was up 0.7% at $1.167, while the British pound appreciated 0.7% to $1.3385. The Australian dollar climbed 1.3% to $0.7068 as its New Zealand counterpart jumped 1.4% to $0.5810.
Trump had earlier threatened widespread attacks on Iran’s civilian infrastructure. Markets turned risk-on after the announcement, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz expired.
The U.S. dollar index, which measures the greenback’s strength against a basket of six currencies, was down 1.0% at 98.97, a two-week low. Cryptocurrencies also rallied, with bitcoin advancing 3.4% to $71,664.41, as ether surged 5.7% to $2,234.78.
https://img.etimg.com/thumb/msid-130100067,width-1200,height-630,imgsize-96764,overlay-etmarkets/articleshow.jpg
https://economictimes.indiatimes.com/markets/forex/dollar-drops-as-trump-ceasefire-prompts-risk-on-turn-for-markets/articleshow/130100064.cms
