Dollar rally stalls on hopes of an easing in Iran war, but wariness reigns [CNBC]
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Source: CNBC
Priscila Zambotto | Moment | Getty Images The dollar took a breather on ?Tuesday as investors swung between hopes for a de-escalation in the U.S.-Israeli war on Iran and concerns that any such optimism could be ?premature. U.S. President Donald Trump said ?the war could end well before ?the timeline he initially laid out, but threatened to escalate attacks should Tehran block oil shipments from the Strait of Hormuz. In response, Iran's Revolutionary Guards dismissed Trump's remarks as “nonsense” and said the blockade would continue until attacks from the U.S. and ?Israel ?end. However, equities advanced and oil prices retreated from over three-year highs, ?underscoring how eager investors were to seize on any hint of good news. The safe-haven dollar weakened 0.1% to $1.1652 against the euro and 0.1% to 157.49 yen. The dollar index, which measures the greenback against a basket of six peers, fell 0.3% to a one-week low of ?98.6. “What will matter most is a reopening of the
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