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Dollar Slumps 1% as US-Iran Ceasefire Triggers Broad Market Rally

A ceasefire agreement between the U.S. and Iran triggered a significant rally in the markets, while the U.S. dollar slumped by 1%. However, investors and consumers remain cautious due to inflation fears and geopolitical risks. The consumer sentiment index fell to a record low due to the Iran war, with rising inflation expectations. Meanwhile, Iran is considering abandoning uranium enrichment as a U.S. condition for ending the war.