Dollar hits 10-day low as US, Iran reach peace deal

The US and Iran reached a framework peace deal to end hostilities, reopen the Strait of Hormuz, and lift the US blockade, causing the dollar index to fall 0.31% to a 10-day low of 99.492. Brent crude dropped over 4% to $83.82 on expectations of restored oil flows. Risk currencies including the euro, sterling, Aussie, and kiwi strengthened, while the yen weakened near 160, with the Bank of Japan expected to raise rates to a 31-year high at its June 16 meeting.