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  - FINANCIALMIRROR.COM - A La Une - Aujourd'hui 07:08

Ceasefire sinks dollar

The euro-dollar currency pair extended its gains for the fourth straight day on Tuesday, up by 0.39%, even though EURUSD trades off the yearly highs of 1.1641, driven by US dollar weakness spurred by a de-escalation of the Middle East conflict. Israel and Iran agreed to a ceasefire, which improved the market mood and ultimately weighed on the greenback with the pair trading at 1.1619, up 0.38%. Market mood turned upbeat, pushing the dollar down. The DXY Dollar Index, which tracks the buck’s performance against a basket of six currencies, including the euro, tumbled over 0.47%, trading near weekly lows

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