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Dollar Weakens on US-Iran Ceasefire Extension Report

The U.S. dollar declined against major currencies Thursday following reports that American and Iranian negotiators have agreed to extend an existing ceasefire, contingent on President Donald Trump's approval. The tentative agreement sent ripples across financial markets. Crude oil prices retreated from earlier gains on the news, while gold recovered from session lows. Treasury yields moved higher as investors reassessed geopolitical risk premiums. The potential ceasefire extension could provide relief to energy markets pressured by Middle East tensions. Trump's formal sign-off remains the final hurdle before the agreement takes effect. Market participants are monitoring developments closely as the administration weighs the diplomatic breakthrough.