Trump Delays Iran Strike; Dollar Recovers Amid Support from Oil and Yields

Key Facts

1President Donald Trump delayed a military strike against Iran, leading to a temporary cooling in markets.

2The US Dollar recovered against the Euro, Sterling, and Canadian Dollar during the European session after a modest decline.

3Oil prices and Treasury yields hit resistance levels after previously providing fresh momentum for the Dollar.

President Donald Trump delayed a planned military strike against Iran, leading to a temporary cooling in global markets. ActionForex reported that the US Dollar recovered against the Euro, Sterling, and Canadian Dollar during the European session following a modest initial decline linked to the de-escalation.

Oil prices and Treasury yields hit resistance levels, with the US 10-year yield retreating to roughly 5.23% after briefly reaching 5.354%. According to ActionForex, Brent crude failed to hold above the $106 mark, though the Dollar remains supported by oil prices staying above $100 and ongoing shipping disruptions in the Strait of Hormuz.