The U.S. dollar fell on Tuesday, as investors shunned the safe haven asset for risky equities, buoyed by hopes for progress in ceasefire talks between the U.S. and Iran despite an ongoing American naval blockade in the Persian Gulf.
Also helping risk appetite was a significantly cooler-than-expected U.S. producer inflation report. Worries have swirled around the impact of the Iran war-driven energy shock on inflation, especially after a separate report last week showed a sharp uptick in consumer price growth.
Source : Investing.com