Dollar pulls back as US-Iran attacks pause, oil drops

The US dollar index slipped 0.25% to 101.23 as the US paused military strikes against Iran, with Tehran also signalling a halt to retaliatory attacks. Brent crude tumbled 4.7% to $92.19 on easing geopolitical tensions, while markets price a 36.3% probability of a 25-basis-point Fed rate hike at the upcoming two-day meeting ending Wednesday.