Dollar weakens against global currencies on news of Iran-Israel truce

The US dollar fell against other world currencies on June 24 morning after news of a truce between Iran and Israel, Report informs referring to trading data.

The euro to dollar exchange rate rose to $1.1611 from $1.1578 per euro. The dollar to yen exchange rate fell to 145.27 yen from the previous close of 146.15 yen per dollar. The dollar index (the exchange rate against a basket of currencies of six US trading partners) fell by 0.33% to 98.07 points.

Investors are assessing news regarding the geopolitical situation in the Middle East. On the night of June 24, US President Donald Trump said that Israel and Iran had agreed to conclude a truce, which after 24 hours should become an official end to the 12-day war.