Dollar Declines and Gold Plunges in Hopes Iran War Will Soon End

The dollar index (DXY00) fell to a 1.5-week low on Monday and finished down by -0.65%.  The dollar gave up overnight gains and turned lower as stocks rallied sharply after President Trump postponed attacks against Iranian energy infrastructure and power plants for five days following the start of talks with Iran to end the war, curbing liquidity demand for the dollar.  The dollar added to its losses on Monday amid weaker-than-expected US economic news, including the Feb Chicago Fed National Activity index ...