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ForexUpdated•Originally published 20 April 2026•Updated 20 April 2026•

1 min read

US Dollar Hits Lowest Since March as Markets Eye US-Iran Negotiations

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

Key Facts

1The US dollar has fallen to its lowest level since early March, erasing almost all gains made since the start of the Middle East conflict.

2Talks with Iran are scheduled to resume in the coming days, contributing to a shift in market sentiment.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: The story was updated to include the historic rallies in US stock indices (Nasdaq 100 and S&P 500) and warnings of a potential sharp pullback if geopolitical negotiations fail.

The US dollar has retreated to its lowest levels since early March, shedding its geopolitical risk premium as markets eye upcoming negotiations with Iran. Concurrently, US stock indices, including the Nasdaq 100 and S&P 500, have staged historic and rapid rallies fueled by diplomatic optimism. However, analysts warn that markets are currently pricing in a best-case scenario, leaving equities vulnerable to an 'epic' pullback if talks fail. Should geopolitical tensions resurface, indices could see a sharp retreat toward key moving averages. While the greenback remains under pressure, any breakdown in negotiations could reignite safe-haven demand. Investors remain focused on Donald Trump's firm stance and the potential for market shocks that could reverse the current trend in major pairs like EUR/USD.