Dollar And Oil Drop On Peace
The U.S. dollar and crude oil prices fell sharply following reports of progress in peace negotiations between the U.S. and Iran. The dollar index slipped to 98.04, while WTI crude dropped more than 7% into the $92 to $94 range. The easing of inflation fears pushed gold near $4,700 and allowed the Australian dollar to test a four-year high. Meanwhile, investors in Malaysia await Bank Negara Malaysia's policy decision, with the benchmark rate expected to hold at 2.75%. The Bank of Japan also signaled ongoing concerns over oil-driven inflation in its latest minutes.














