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2026-04-08 11:17:48
[Trump Announces US-Iran Ceasefire, Risk Appetite Returns, Dollar Falls Across the Board] 1. Following Trump's announcement of a two-week ceasefire agreement with Iran, the US dollar fell as much as 0.82% to 98.84 in Asian trading on Wednesday, hitting a near one-month low. The dollar index weakened for the third consecutive day, reaching 98.943, its lowest level since March 11. 2. Major currencies rose sharply against the dollar: the yen rose 0.76% to a one-week high, the euro rose as much as 0.8% to 1.1696, a new high since March 3; the pound, Australian dollar, New Zealand dollar, and Swiss franc all rose to more than two-week highs. 3. The head of foreign exchange strategy at National Australia Bank said that if the Strait of Hormuz reopens, it could solidify the current rebound in risk appetite. However, much work remains to be done in the next 14 days, and the market still needs to remain vigilant.
