- The dollar fell the most in nearly a month after a New York Times report
- Iranian operatives reportedly offered to discuss terms to end the war
- Bloomberg Dollar Spot Index weakened as much as 0.4% before paring losses
The dollar fell the most in nearly a month after after a New York Times report said Iranian operatives had offered to discuss terms for ending the war.
The Bloomberg Dollar Spot Index extended earlier losses, weakening as much as 0.4% before paring the move. The gauge had surged 1.4% over the previous two sessions as the spiraling Middle East conflict reignited inflationary fears and drove demand for haven assets.
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The report should be taken “with a grain of salt,” said Evelyne Gomez-Liechti, a strategist at Mizuho International Plc. given the attempt to negotiate was reportedly made a day after the attacks began, while US officials were described as being skeptical of the approach.
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Photo Credit: Bloomberg
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