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

  • The U.S. and Iran reached a preliminary framework to end their war and reopen the Strait of Hormuz — the deal is due to be signed Friday but markets are still cautious until nuclear details are settled.
  • Oil plunged about 5% (Brent near $82.9), helping push the dollar to a 10-day low while the euro and pound strengthened.
  • Big central-bank week ahead: the Fed is expected to hold rates, the Bank of Japan plans a hike to 1% (a 31-year high), and the BoE and RBA are likely to stay on hold.
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