The US dollar continues to decline, influenced by the prospect of a possible agreement between the US and Iran.

Due to the optimistic outlook for a possible agreement between the United States and Iran, the US dollar continued its decline. This agreement could lead to the reopening of the Strait of Hormuz. Oil prices fell, with Brent crude dropping by 6% to $97.32. The safe-haven US dollar declined, both because investor sentiment improved and because the US, being a net oil exporter, the dollar usually follows oil prices. However, the market remains cautious as President Trump posted on Truth Social on Sunday that he is not in a hurry to reach an agreement. With the United States currently in a public holiday and most of Europe on vacation, trading volume is low. The DXY US dollar index fell by 0.3%, to a 10-day low of 98.927.