Dollar falls as Iran ceasefire emboldens investors [CNBC]
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Source: CNBC
The dollar sank to its lowest level in a month against ?a basket of major currencies on Wednesday, after the U.S. and Iran agreed to a two-week ceasefire that injected a burst of optimism into markets. The euro rose ?0.9% to $1.1698, its highest since early March, ?the British pound gained 1% to $1.3428, while ?the dollar slid nearly 1% against the yen to 158.12 and the Swiss franc. President Donald Trump had earlier threatened widespread attacks on Iran's civilian infrastructure, drawing international condemnation after issuing an extraordinary warning that “a whole civilization will die tonight” if his demands were not met. The Wednesday currency moves came alongside ?a ?dramatic rally in stocks and government bonds, as investors' risk appetite rapidly returned after ?the ceasefire was announced less than two hours before Trump's deadline for Tehran to reopen the Strait of Hormuz would have expired. Trump said the deal was subject to Iran's agreement to pause its blockade o
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